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Apollo Eyes £5.7bn EasyJet Takeover, Shares Jump 15%

7/10/2026

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Summary

Story summary

Apollo Global Management agreed in principle to a £5.7 billion takeover of EasyJet.
To meet EU ownership rules, Apollo will partner with EU nationals Peter Bellew and Mark Breen.
Apollo’s offer values EasyJet at £7.15 per share, outbidding Castlelake’s £6.90 per share proposal.
EasyJet shares rose nearly 15% to about 673p after the Apollo proposal was announced.

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Story summary

Apollo Global Management agreed in principle to a £5.7 billion takeover of EasyJet.
To meet EU ownership rules, Apollo will partner with EU nationals Peter Bellew and Mark Breen.
Apollo’s offer values EasyJet at £7.15 per share, outbidding Castlelake’s £6.90 per share proposal.
EasyJet shares rose nearly 15% to about 673p after the Apollo proposal was announced.