Dealmaking set the tone in business today. easyJet moved toward a possible £5.7 billion sale to Apollo, with its board minded to back the private equity firm’s all-cash approach after it topped Castlelake’s earlier bid, raising the prospect of a full-blown auction for the airline...
Dealmaking set the tone in business today. easyJet moved toward a possible £5.7 billion sale to Apollo, with its board minded to back the private equity firm’s all-cash approach after it topped Castlelake’s earlier bid, raising the prospect of a full-blown auction for the airline. In telecoms, Vodafone gained a powerful new anchor investor as French billionaire Xavier Niel agreed a roughly £4.4 billion purchase of e&’s stake, making him the group’s largest shareholder at a pivotal moment in its restructuring. In Asia, Shein cleared a major hurdle after China’s securities regulator approved plans for a Hong Kong IPO, potentially ending years of delay and giving the fast-fashion giant a new route to market despite lingering scrutiny. Elsewhere, Canadian Utilities declared dividends across several preferred share classes, while Restaurant Brands International disclosed an insider ownership filing.
Top Business stories
- easyJet agrees in principle to Apollo’s £5.7bn takeover bid, topping Castlelake (11 sources)
- China Securities Regulator Approves Shein’s Hong Kong IPO Plan (8 sources)
- Xavier Niel becomes Vodafone’s largest shareholder after £4.4bn stake purchase (6 sources)
- ONGC Approves 1.75 Million-Tonne Expansion of Strategic Oil Reserves in Mangalore (5 sources)
- Yen rises as Japan urges pension funds to invest more in domestic assets (5 sources)
- SBI sells 1.42% stake in SBI Funds Management for ₹1,655 crore ahead of IPO (4 sources)
- Bayer sells minority stake in contraceptives unit to Apollo in €3 billion deal (4 sources)
- IEA forecasts first global oil demand annual decline since 2020 due to US-Iran conflict (4 sources)
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