business
EasyJet says possible takeover bid 'opportunistic'
Key takeaways
- The investment fund Castlelake revealed late on Friday that it was in the early stages of considering an offer for the Luton-based airline, but had not yet approached the firm's board.
- Castlelake owns a stake of about 2.14% in EasyJet through the funds it manages, and valued the airline at a minimum of £3.06bn ($3.89bn).
- The carrier said the takeover interest had come at a time when its share price had been pushed lower by worries over the impact of the Iran war on the airline sector.
Louise Parry Bedfordshire, Hertfordshire and Buckinghamshire Reuters Easy Jet's share price has fallen by 31% in the past year, which the firm attributes to the impact of the Iran war Budget airline Easy Jet has branded a possible takeover approach from a US firm as "highly opportunistic".
The investment fund Castlelake revealed late on Friday that it was in the early stages of considering an offer for the Luton-based airline, but had not yet approached the firm's board.
Castlelake owns a stake of about 2.14% in EasyJet through the funds it manages, and valued the airline at a minimum of £3.06bn ($3.89bn).
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