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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

EasyJet suggests it will agree to £5.5bn takeover by US investment firm

easyJet Castlelake United States
Three orange and white aircraft tails with 'easyJet' branding lined up on an airport tarmac, with passengers boarding
EasyJet had rejected several takeover offers from Castlelake. Photograph: Lisi Niesner/Reuters

The airline easyJet has said it intends to accept a £5.5bn takeover offer by the US investment firm Castlelake that would take Britain’s biggest low-cost carrier private.

The companies announced an agreement in principle on Sunday evening in a statement, and requested an extension to a deadline to complete the deal formally. The agreement came after weeks of negotiations and several rejected offers.

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