EasyJet shareholders approve £5.7 billion Apollo takeover

EasyJet's shareholders have approved a £5.7 billion takeover by private equity firm Apollo, a move that will likely lead to the airline's delisting from the London Stock Exchange. The deal, which received backing from over 97% of investors, is a significant step toward ending the airline's public listing. Apollo aims to complete the transaction by the first quarter of next year, which would mark the end of EasyJet's time as a publicly traded company.

For investors, this development signals a shift from a public market to a private one. The removal of the airline from the stock market could impact liquidity and transparency, as private companies are not required to disclose financial details in the same way. Additionally, the deal still faces regulatory scrutiny, particularly in the European Union, where airline ownership rules could complicate the final approval process.

Investors should watch for updates on the regulatory review and the final timeline for the deal's completion. The outcome of this scrutiny will determine whether the takeover proceeds as planned or encounters further delays.