DistantNews
Support us
American firm Apollo to buy EasyJet for nearly 50 billion kroner
🇩🇰 Denmark /Economy & Trade

American firm Apollo to buy EasyJet for nearly 50 billion kroner

From Berlingske · () Danish

Translated from Danish, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • American private equity firm Apollo Global Management has agreed to acquire the British airline EasyJet.
  • The deal values EasyJet at 5.7 billion pounds, approximately 50 billion Danish kroner.
  • A rival bidder, Castlelake, withdrew its offer after Apollo's bid, and the acquisition awaits shareholder approval in early 2027.

The British airline EasyJet is set to be acquired by the American private equity firm Apollo Global Management in a deal valued at 5.7 billion pounds, which translates to nearly 50 billion Danish kroner. The announcement came from Apollo Global Management on Thursday, marking a significant shift in ownership for the prominent European low-cost carrier.

Competition for EasyJet was evident, with investment firm Castlelake initially participating in the bidding. Castlelake had placed a bid of 5.5 billion pounds (48 billion Danish kroner) but ultimately withdrew from the race when Apollo submitted its higher offer. Castlelake had been a strong contender for months, having submitted multiple bids throughout the process.

The acquisition is expected to be finalized with shareholder approval in the first quarter of 2027. EasyJet holds the position of Europe's second-largest low-cost airline, trailing only Ryanair. In Denmark, EasyJet operates flights exclusively to and from Copenhagen, connecting the capital to numerous destinations.

DistantNews Editorial

Originally published by Berlingske in Danish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog