EasyJet statement issued as US firm plots 'buyout' amid summer season fears
10 Articles
10 Articles
American investment firm Castlelake is considering making a takeover bid for British airline easyJet. According to Castlelake, no formal approach has yet been made to easyJet's board regarding a takeover, and it is also not certain that a bid will be made.
The US investment fund Castlelake has expressed its interest in acquiring the British airline EasyJet, a movement that could trigger an OPA on one of Europe’s leading low cost operators and rearrange the air market. The unsolicited approach has not yet been communicated to the company’s management, according to sources consulted by Preferred. A non-formal approach with a deadline in the Castlelake calendar, based in Minneapolis, United States, h…
EasyJet Could be Taken Private as Castlelake Investment Firm Signals Interest in the European Low-Cost Carrier
Europe’s second-largest low-cost airline, EasyJet, could be taken private after the Minneapolis-based ‘alternative investment firm’ Castlelake signalled a surprise interest in the carrier on Friday. Castlelake’s involvement in the aviation industry is perhaps best known for the firm’s 32% stake that it took in SAS Scandinavian Airlines as part of a joint acquisition with the Air France-KLM Group. Last year, Castlelake agreed to sell its stake in…
Easyjet attracts takeover interest from US private credit firm
Budget airline carrier Easyjet has drawn takeover interest from private credit firm Castlelake, which could make the airline the latest UK-listed company to be snatched off the stock market. Castlelake said it was in the “early stages of considering a possible offer” for Easyjet on Friday, but was yet to approach the company’s board. The firm, which is majority owned by Brookfield Asset Management. also cautioned that there was no certainty it w…
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