The airline itself called the offer “opportunistic.”
“Castlelake,” which owns 2.14% of easyJet shares, announced late Friday evening that it is considering a takeover offer for the airline, which mainly flies passengers within Europe.
Read more After the scandal, the Polish city decided to take down the Ukrainian flag
EasyJet strongly condemned what it called “a very opportunistic timing choice by Castlelake,” after the airline’s share price dropped and losses increased due to a sharp rise in aviation fuel prices caused by the war in the Middle East.
The board clearly understands its duty to seek maximum value for shareholders and will consider any offer if one is made,” it added in its statement.
Read more Having received a positive allergy test result, do not rush to give up your favorite products
The airline’s share price jumped 10.6% to 440.10 pence shortly after trading began in London. This values the company at £3.3 billion ($4.4 billion).
Read more France is organizing an investor meeting, aiming for billion-dollar investments in AI
