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EasyJet rejects Wizz Air takeover approach amid £1.2bn fundraising push

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Airline says unnamed bidder no longer considering an offer as company warns of drawn-out recovery

EasyJet has rejected a takeover approach from rival Wizz Air and is launching a £1.2bn fundraiser to see it through a slow recovery from the coronavirus pandemic.

The budget airline said it had “received an unsolicited preliminary takeover approach” but that it was unanimously rejected by its board.

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