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EasyJet eases non-UK share ownership limit
(Source : Reuters, November 04, 2005)
EasyJet said Friday it was easing its foreign shareholding limit to allow non-UK nationals to own up to 45% of the company. EasyJet said it was changing the limit from 40% currently to 'provide greater flexibility for the company's shareholders'. Iceland's FL Group raised its stake in EasyJet to 16.2% late last month, reviving speculation it may be planning a takeover bid for the UK airline. However, EasyJet founder Stelios Haji-Ioannou said he and his family's 41% stake in the carrier was not for sale. FL Group owns Icelandair.
EasyJet eases non-UK share ownership limit
(Source : Reuters, November 04, 2005)
EasyJet said Friday it was easing its foreign shareholding limit to allow non-UK nationals to own up to 45% of the company. EasyJet said it was changing the limit from 40% currently to 'provide greater flexibility for the company's shareholders'. Iceland's FL Group raised its stake in EasyJet to 16.2% late last month, reviving speculation it may be planning a takeover bid for the UK airline. However, EasyJet founder Stelios Haji-Ioannou said he and his family's 41% stake in the carrier was not for sale. FL Group owns Icelandair.
