EasyJet CE Johan Lundgren says forced sale of UK shares after Brexit "won't need to happen"
EasyJet’s CE Johan Lundgren has said he does not think UK nationals will be forced to sell their stake in the airline after Brexit, saying he is "confident" a deal will be reached with the EU. Lundgren said his decision to amend EasyJet’s articles of association was a "precautionary measure" and that any forced sale of UK investors' shares to their EU counterparts "won’t need to happen". As part of its Brexit contingency planning, EasyJet announced at the end of last year that it was amending its articles of association, which currently give directors the power to limit the ownership of the firm's shares by non-UK nationals. Lundgren said Brexit was "business as usual" and that his airline was better equipped than some of its competitors to deal with any fallout. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-04-03/unaligned/easyjet-ce-johan-lundgren-says-forced-sale-of-uk-shares-after-brexit-wont-need-to-happen
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EasyJet CE Johan Lundgren says forced sale of UK shares after Brexit "won't need to happen"
EasyJet’s CE Johan Lundgren has said he does not think UK nationals will be forced to sell their stake in the airline after Brexit, saying he is "confident" a deal will be reached with the EU. Lundgren said his decision to amend EasyJet’s articles of association was a "precautionary measure" and that any forced sale of UK investors' shares to their EU counterparts "won’t need to happen". As part of its Brexit contingency planning, EasyJet announced at the end of last year that it was amending its articles of association, which currently give directors the power to limit the ownership of the firm's shares by non-UK nationals. Lundgren said Brexit was "business as usual" and that his airline was better equipped than some of its competitors to deal with any fallout. <br/>