Tag: $Apollo Global Management

BP has agreed to sell a stake in a firm invested in the TANAP gas pipeline linking Azerbaijan and Turkey for $1 billion to Apollo Global Management, the two firms said on Friday.

Apollo Global Management is buying a publicly traded real-estate investment firm in a bid to fill a gap in its investment offerings. The deal will nearly double Apollo’s real-estate assets under management to more than $110 billion, making it a major player in an area it hasn’t historically dominated.

Apollo Global Management is considering investing as much as 1.5 trillion yen ($9.5 billion) in a management buyout of Japan’s Seven & i Holdings, Bloomberg News said on Friday, citing several people with knowledge of the matter.

Apollo Global Management plans to expand in Japan and add staff to its Asia wealth business, its regional top executive said, as global investment firms pump more resources into the region to capitalise on a surge in deals and assets.