Apollo nears deal to buy 10% stake in Mubadala Capital, CNBC reports
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Apollo Global Management LLC (NYSE:APO) is finalizing an agreement to acquire a roughly 10% minority stake in Mubadala Capital, CNBC reported Monday, citing people familiar with the matter. The transaction, which could be announced as early as Monday morning…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA minority stake linking a large alternative asset manager with a sovereign wealth fund's investment arm could strengthen Apollo's strategic ties in the UAE.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Apollo is finalizing an agreement to acquire a roughly 10% minority stake in Mubadala Capital.
- 02According to CNBC, citing people familiar with the matter, the announcement could come as early as Monday morning.
- 03The Abu Dhabi sovereign wealth fund is described as having $385 billion in assets.
- 04The deal reflects Apollo's deepening operational push into the United Arab Emirates.
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Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets