EasyJet has entered into a £5.7 billion acquisition agreement with Apollo Global Management, a prominent US private equity firm, following the withdrawal of competing bidder Castlelake. Apollo's offer includes a payment of £7.15 per easyJet share, with the transaction anticipated to finalize by March 2027, pending necessary approvals. This move comes after easyJet initially favored a potential sale to Castlelake, only for Apollo to...
Progress in negotiations involving Iran and Oman could soon lead to the reopening of the Strait of Hormuz, with an agreement potentially being announced as early as Wednesday, according to US President Donald Trump. The strategic waterway is crucial for global oil and natural gas trade, and its extended closure has been a factor in rising global fuel prices and economic instability.
Trump has indicated...
