UK's easyJet shares sink after Reuters reports EU to review airline ownership rules
APO•Other details
- Year to date, the stock is up about 17%.
- $1 = 0.7476 pounds.
easyJet shares fall after Reuters report on EU ownership review
Shares of British budget airline easyJet (EZJ.L) fell nearly 9% to 604.2p after a Reuters exclusive reported on Wednesday that the European Union will review airline ownership rules in the autumn to prevent foreign investors from taking full control of European carriers.
The EU review threatens takeover bids tabled by U.S. investment firms Apollo (APO.N) and Castlelake for easyJet.
