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EasyJet agrees to £5bn takeover by US investment firm

7 hrs ago1 মিনিট পড়া

Agreement in principle with Castlelake follows several rejected offers and means UK’s biggest low-cost carrier will be taken private

EasyJet has agreed a £5bn takeover by US investment firm Castlelake that will see Britain’s biggest low-cost airline taken private.

The companies announced an agreement in principle on Sunday evening in a statement to the stock market, and requested an extension to a deadline to complete the deal formally. The agreement came after weeks of negotiations and several rejected offers.

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