EURegulations News & Analysis
2 articles
Market Mood
EasyJet (EZJ) Rejects £4.74bn Takeover Offer from Castlelake
EasyJet (EZJ) has rejected a £4.74bn takeover offer from US investment firm Castlelake, which included a proposal of 625p per share, a 24% premium to the previous closing price. Castlelake made three approaches this month, all of which were rejected by EasyJet. Castlelake currently holds a 2.14% stake in EasyJet and has until Friday to submit a firm offer or withdraw. The rejection highlights the challenges faced in complying with EU regulations governing airline ownership structures.
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NAFFIC and AWARE Launch First China-EU DPP for Textiles Mandatory by 2027
NAFFIC and AWARE have launched the first Digital Product Passport (DPP) for textiles, which will be mandatory for all textile products sold in the EU starting in 2027. This DPP provides scannable proof of a product's origins and environmental footprint, tracking the supply chain from post-consumer plastic bottles in China to the finished garment produced for the brand Iqoniq. The system combines NAFFIC’s Sustainable Textiles Credible Platform with AWARE’s blockchain technology, ensuring verifiable data for consumers and regulators. This development may influence global supply chains and compliance standards in the textile industry.
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