EasyJet shareholders approve £5.7 billion Apollo takeover
In short
EasyJet shareholders approved a £5.7 billion takeover by Apollo on Wednesday, and 97.07% of scheme shares voted in favor. The deal is a big step toward taking EasyJet off the London stock market.
EasyJet is aiming to finish the transaction by the first quarter of next year, but it still needs to clear EU checks on airline ownership rules.
What the reporting says
EasyJet shareholders approved a £5.7 billion takeover by Apollo on Wednesday, with 97.07% of scheme shares in favor. The vote is a major step toward removing EasyJet from the London stock market. The airline is targeting completion by the first quarter of next year, though the deal still faces EU scrutiny over airline ownership rules.
Why it matters
EasyJet shareholders' approval of Apollo's £5.7 billion takeover is a major corporate action that moves the airline closer to leaving the London stock market. The vote passed with 97.07% of scheme shares in favor, and the company is targeting completion by the first quarter of next year. The transaction still faces EU regulatory scrutiny over airline ownership rules, which could affect the timetable.