What Happened
Majority Backs Private Equity Firm's Cash Offer
easyJet shareholders have overwhelmingly approved Apollo’s proposed £5.7 billion takeover, paving the way for the UK low-cost carrier’s delisting from the London Stock Exchange. The deal, which values each easyJet share at £7.15, is expected to close by the end of March 2027, subject to court and regulatory approvals. Founder Sir Stelios Haji-Ioannou and his family have chosen to exchange their shares for unlisted shares in the new parent company. The takeover follows a summer bidding contest between Apollo and private equity firm Castlelake. The development was first reported by AeroTime.