Apollo's £5.7bn easyJet Bid Faces EU Ownership Rule Scrutiny

Apollo Global Management has offered £5.7 billion to acquire 50.1% of easyJet, but the European Union's review of airline ownership rules could delay the deal. easyJet's shares fell by 3.2% following the announcement. The move is seen as part of Apollo's expansion strategy in Europe. With intense competition in the aviation sector, securing EU approval will be crucial for the deal's success.