EasyJet Faces Union Pushback Over Apollo Buyout
EasyJet faces opposition from European unions over its buyout by Apollo. The European Works Council warned the deal weakens long-term resilience, while the airline remains on track to close the transaction early next year.
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EasyJet PLC faces union pushback over its £5.7 billion ($7.5 billion) buyout by Apollo Global Management Inc, with completion targeted before the end of the first quarter of next year. The deal represents one of the largest private-equity acquisitions of a European carrier to date. Investor focus now centers on whether regulatory and labor hurdles will derail the take-private transaction.
