Apollo Global Management, Inc. - APO STOCK NEWS

Apollo EPF III has entered a definitive agreement to acquire a portfolio of real estate assets from ENPAM for €842 million. The portfolio consists of 68 commercial and residential properties, mainly located in Rome and Milan. This divestment allows ENPAM to enhance its financial flexibility and better serve its pensioners. Apollo's transaction is part of their strategy to expand their European real estate portfolio, which includes $7 billion in assets under management as of June 30, 2021. The deal is expected to close by year-end.

Apollo Global Management (NYSE: APO) has announced its agreement to acquire a majority stake in AS Graanul Invest, the leading sustainable wood pellet producer in Europe. This acquisition positions Apollo to enhance its role in the renewable energy sector, as Graanul generates a significant portion of Estonia's renewable bioelectricity. With 12 production plants, Graanul focuses on sustainable biomass solutions, aiming to replace fossil fuels. The transaction, anticipated to close later in 2021, is subject to regulatory approvals.

Newport Merger Sub, Inc., an affiliate of Apollo Global Management, has secured consent from holders representing approximately 98.56% of The New Home Company’s 7.250% Senior Notes due 2025. This approval is part of a Consent Solicitation related to a merger agreement where Newport Holdings, LLC will acquire The New Home Company. The amendments will eliminate the obligation to make a "Change of Control Offer" regarding the Notes post-merger. The transaction aims to streamline the integration process and is set to enhance operational flexibility for the newly combined entity.

Apollo Global Management (NYSE: APO) reported robust second-quarter results for the period ended June 30, 2021, featuring record fee-related earnings and the highest quarterly distributable earnings since 2013. The firm successfully deployed $28 billion in capital, focusing on growth through strategic investments in technology and talent. A cash dividend of $0.50 per share has been declared for Class A Common Stock, payable on August 31, 2021. Future dividends are expected to align with earnings growth post-merger with Athene Holding Ltd.

Apollo Global Management has announced its plan to acquire Lumen Technologies' ILEC assets across 20 states for $7.5 billion. The transaction, set to close in 2022, aims to enhance fiber internet access for over 6 million customers in underserved areas. The new company, led by industry veterans from Verizon's Fios, will focus on expanding fiber infrastructure and improving customer service. The deal will also generate consistent cash flow from a well-developed fiber backbone network.

Lumen Technologies has agreed to sell its ILEC business, which includes consumer, small business, and enterprise customers in 20 states, to Apollo Global Management for $7.5 billion, including approximately $1.4 billion in debt assumption. The deal is part of Lumen's strategy to transform and grow, retaining its ILEC assets in 16 states and expanding its fiber network. The transaction is expected to close in the second half of 2022, subject to regulatory approvals. This move is aimed at meeting the rising demand for high-bandwidth connectivity.

Apollo Global Management (NYSE: APO) announces $255 million equity investments in JSW Cement Ltd. and Global Schools Group to support their growth strategies. The $100 million investment in JSW Cement aims to expand its presence in India, while the $155 million in GSG will help enhance its campus network. These investments are part of Apollo's Hybrid Value strategy, which has committed over $7 billion in the last 18 months. Apollo leverages its extensive market relationships to provide non-control equity and debt capital solutions tailored to business needs.

Hilton Grand Vacations (NYSE:HGV) has completed its acquisition of Diamond Resorts International from Apollo Global Management (NYSE:APO) and others, valued at approximately $1.4 billion. This deal positions HGV as the largest upper upscale and luxury timeshare operator in the industry. With more than 380,000 new owners added, the combined 154 resorts are expected to enhance long-term shareholder value. HGV anticipates generating over $125 million in cost synergies within two years, diversifying its offerings and expanding its market presence.