NewsHK
Private equity appetite for European aviation assets is sharpening.
EasyJet shares surged 13% after both Apollo and Castlelake submitted separate takeover offers for the budget carrier, opening a bidding contest for an airline valued at $7.7 billion.
A bidding war takes shape Both Apollo and Castlelake have put competing offers on the table for easyJet.
The 13% share move reflects the market's read that rival bids raise both the probability of a deal and the price floor either buyer must clear.
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