Apollo Global Management Inc, a manager of alternative assets, has acquired a minority stake in a subsidiary of Abu Dhabi developer Aldar Properties, the companies said, part of a larger deal announced in February. Apollo, through its managed investment vehicles, has taken an 11.1% stake in Aldar Investment Properties (AIP), the developer's real estate investment platform, in a transaction valued at $400 million, they said in a joint statement on Wednesday. Apollo and Aldar said the deal was part of a previously announced $1.4 billion investment by Apollo into Aldar in February.
NEW YORK, August 15, 2022--New Fortress Energy Inc. (NASDAQ: NFE) ("NFE") and Apollo (NYSE: APO) today reported they have completed the previously announced Joint Venture (the "JV" or the "Platform"), establishing a platform which now owns and operates 11 liquefied natural gas ("LNG") infrastructure vessels consisting of Floating Storage and Regasification assets, Floating Storage vessels and LNG carriers. The Platform has been named Energos Infrastructure ("Energos") and is owned approximately
STOCKHOLM (Reuters) -Scandinavian airline SAS kept its bid for survival aloft at the weekend by securing bridge financing through bankruptcy protection proceedings, sending its shares 5% higher on Monday. The airline, whose biggest owners are Sweden and Denmark, said on Sunday it had signed a deal with U.S. private equity firm Apollo Global Management for $700 million in financing to fund its reorganisation under U.S. Chapter 11 bankruptcy protection proceedings. SAS filed for the protection in July, a day after most of its pilots launched a crippling two-week strike over collective agreements.