EasyJet Shareholders Approve £5.7 Billion Apollo Takeover

EasyJet shareholders approved a £5.7 billion takeover by the US investment group Apollo Global Management on Wednesday. The deal received overwhelming support, with 97.07% of shares voted in favor of the acquisition.

Agreed upon by the EasyJet board in August for 715p per share, the transaction will end the airline's 26-year tenure as a public company and result in its delisting from the London Stock Exchange. Apollo secured the acquisition after outbidding another US firm, Castlelake, L.P., which had previously proposed a £5.5 billion bid before withdrawing in August.

The takeover is supported by founder Stelios Haji-Ioannou and his family, who hold a stake of over 15% in the business. The transaction is now subject to court sanction and regulatory approvals, with completion expected by the end of March 2027.