Overview
- Apollo agreed a recommended cash acquisition for easyJet on Thursday, August 6, 2026 after rival Castlelake confirmed it would not make an offer, leaving Apollo as the sole bidder.
- The deal values easyJet at about £5.7 billion and offers shareholders 715p per share in cash through Eagle Bidco Ltd with completion expected by the end of the first quarter of 2027.
- Founder Sir Stelios Haji‑Ioannou and his family have given irrevocable undertakings covering roughly 15.31% of shares to vote for the scheme and the easyJet board has unanimously recommended the offer.
- Shareholders may elect unlisted rollover shares in Topco instead of cash on a one-for-one basis but that option is capped at 49.9% of Topco’s issued share capital and may be scaled back.
- If approved, the transaction will take easyJet private and remove it from the London market, a move that could shift control of its airport slots, fleet strategy and workforce oversight to Apollo and its partners.