EasyJet shareholders have approved the airline’s £5.7bn (US$7.61bn) takeover by US private equity group Apollo Global Management, clearing a major hurdle for the deal, according to the BBC.
The Luton-based airline said 97.07% of shareholders voted in favour of the acquisition at a meeting on Wednesday, November 11. The transaction is expected to be completed by the end of March 2027.
EasyJet’s board agreed to Apollo’s offer of 715 pence per share in August. The takeover will bring an end to the airline’s more than 26 years as a London-listed company and transfer ownership to the US investment group.
Apollo, which also owns The Restaurant Group, operator of the Wagamama restaurant chain, secured the deal after a bidding contest with US investment firm Castlelake.
Castlelake had previously proposed an offer of £5.5bn but withdrew from the contest in August.
