Companies
Investor Apollo acquires easyJet for €6.7 billion
The US company Apollo is acquiring the British low-cost airline easyJet for approximately €6.7 billion, but with restrictions on ownership structure.
US private equity firm Apollo has reached an agreement to acquire the British low-cost airline easyJet. The purchase price is estimated at around €6.7 billion, although there are special conditions regarding the company's structure. According to ZEIT ONLINE, Apollo is not allowed to solely own the airline.
In a bidding contest for easyJet, Apollo emerged victorious after a competitor withdrew their offers. According to the Frankfurter Allgemeine Zeitung, Apollo is accompanied by a prominent supporter, though no further details about this supporter have been disclosed.