EasyJet Plc shares fell sharply on Wednesday, according to reports. The decline followed a report that the European Union is preparing to review airline ownership rules.
most in four years
EasyJet shares fell the most in four years on Wednesday, according to one report.
Reuters reported that the European Union is preparing to review airline ownership rules. The review, according to EU officials, might affect takeover bids for EasyJet by two US investment firms.
The review might affect takeover bids for EasyJet Plc by two US investment firms.
The precise impact on specific takeover proposals remains uncertain, as the extent of the review and potential changes to ownership limits have not been detailed.
