Business & Finance
EasyJet Shares Slump After Report on EU Ownership Rules Review
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EasyJet Shares Slump After Report on EU Ownership Rules Review EasyJet Plc shares fell the most in four years on Wednesday after Reuters reported that the European Union is preparing to review airline ownership rules that it said might affect takeover bids for the low-cost carrier by two US investment firms. The stock dropped as much as 15% in London following the report, which said the review would prevent foreign investors from gaining majority control of airlines. The review could happen...
EasyJet Shares Slump After Report on EU Ownership Rules Review
EasyJet Plc shares fell the most in four years on Wednesday after Reuters reported that the European Union is preparing to review airline ownership rules that it said might affect takeover bids for the low-cost carrier by two US investment firms.
The stock dropped as much as 15% in London following the report, which said the review would prevent foreign investors from gaining majority control of airlines. The review could happen in the fall of this year and would consider which types of corporate structures are allowed, Reuters reported, citing European Union officials.