New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 22, 2013
07:36 EDTAPOApollo-affiliated fund to acquire Bankia's Spanish auto and consumer loan unit
Apollo European Principal Finance Fund II, a fund affiliated with Apollo Global Management, announced a definitive agreement to acquire FinanMadrid, the auto and consumer loan unit of Bankia, which includes more than 188,000 customer accounts in Spain with a balance of more than EUR873M of receivables. The accounts will continue to be managed by the approximately 125 person operating platform based in Madrid, Spain, which is also being acquired by Apollo EPF II. The transaction, the terms of which were not disclosed, is subject to regulatory approval and other customary closing conditions. The transaction is expected to close within four months.
News For APO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 26, 2015
07:39 EDTAPOPiper Jaffray lowers estimates for asset managers below consensus
Subscribe for More Information
August 18, 2015
19:47 EDTAPOCaesars creditors give ultimatum to Apollo Global, Bloomberg says
Earlier this month, creditors opposed to Caesars Entertainment's (CZR) bankruptcy plan demanded that Apollo Global (APO) -- one of the company's owners -- relinquish control of the bankrupt unit's parent company, reports Bloomberg, citing two people with knowledge of the matter. In exchange, the creditors offered to withdraw several lawsuits related to the bankruptcy, said the sources. Apollo rejected the ultimatum, though sources noted that talks are continuing. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use