Apollo Global to Acquire easyJet in £5.7 Billion Cash Deal

Key Facts

In a move reflecting the accelerating consolidation within the European aviation sector, easyJet has agreed to a recommended cash takeover by Apollo Global Management. The deal values the airline at approximately £5.7 billion ($7.7 billion), with the board recommending a price of £7.15 per share. This agreement effectively concludes a period of competing proposals and bidding interest for the low-cost carrier.

According to reports from Panmure Liberum, the offer represents a substantial 81% premium over easyJet's closing share price on May 28, 2026. The acquisition follows a series of competing bids, with Apollo securing the agreement after offering a significant premium to the airline's undisturbed valuation. This strategic move highlights the appetite of major private equity firms for established aviation brands with robust pan-European networks.

Regarding market performance, Apollo Global Management (APO) shares stood at $132.02 at the close of August 10, 2026. Investors are now assessing the long-term impact of this multi-billion pound acquisition on Apollo's portfolio and capital structure. While the upcoming economic calendar shows no immediate sector-specific catalysts, market participants will focus on the regulatory approval process required to finalize the merger.