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Evening Standard

Business

Anna Wise

EasyJet agrees to rival £5.7bn takeover bid by US giant Apollo

easyJet Apollo United States Castlelake

EasyJet has agreed to a takeover by Apollo in a £5.7 billion deal (Peter Byrne/PA) - (PA Archive)

EasyJet has agreed to a takeover by Apollo in a £5.7 billion deal, kickstarting a bidding war for the UK airline which days ago accepted a bid from rival US suitor Castlelake.

The Luton-based airline said it had reached an agreement in principle for an offer worth £7.15 per easyJet share.

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