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EasyJet rejects takeover approach as it looks to raise £1.2bn

Air
Rob Gill
9 September 2021

EasyJet has revealed that it has rejected an “unsolicited” takeover approach as the airline launches a £1.2 billion issue of shares to bolster its finances.

EasyJet is raising £1.2 billion from investors to bolster its position in the European market post-Covid

The Luton-based carrier said it had received an “unsolicited preliminary takeover approach” from an unnamed bidder but this had been “carefully evaluated and then unanimously rejected”. EasyJet added the potential bidder was “no longer considering” making an offer for the airline. The Financial Times reported that the bidder was fellow low-cost airline Wizz Air.


EasyJet revealed the takeover approach as it announced a £1.2 billion “rights” issue of new shares, as well as securing a new four-year credit facility of $400 million.