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Apollo buys EasyJet for £5.7 billion - a new power player in European aviation
US-based Apollo Global Management is buying EasyJet for £5.7 billion after an intense bidding battle with Castlelake. The deal not only means the airline will leave the London Stock Exchange - it could also mark the start of a new phase in which Europe's aviation and travel market is shaped by well-capitalised private equity funds.
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