Apollo Global Management has finalized the sale of its stake in ALTEMIRA Holdings, a major pan-Asian aluminum packaging company, to MBK Partners-managed funds. ALTEMIRA, formed in 2022 from the merger of Showa Denko's and Mitsubishi Materials' aluminum businesses, operates a unique vertically integrated aluminum recycling system. This transaction highlights Apollo's success in industry consolidation and its role in supporting Japanese industrial firms with strategic capital solutions. The sale follows Apollo's previous successful exits and ongoing investments in Japan's industrial sector.
Citigroup downgraded Apollo Global Management's stock from Buy to Reduce due to concerns over a potential economic slowdown and a sharp drop in U.S. private credit lending. Apollo's shares are trading well below their 52-week high, reflecting caution...
Apollo Global Management has finalized the acquisitions of Emerald Holding and Questex, merging two major B2B event and media companies into a single, scaled platform. This integration aims to accelerate growth, enhance innovation, and deliver greate...
