#Apollo Global Management

Aopllo acquires $400m stake in Aldar Investment Properties

Apollo acquires $400m equity stake in Aldar Investment Properties

The acquisition is part of the previously announced $1.4bn investment by Apollo into Aldar’s transformational growth initiatives

UAE’s Aldar to receive $1.4bn investment from Apollo Global Management

The deal will see Apollo take a direct minority stake in Aldar Investment Properties at its net asset value

Abu Dhabi’s ADNOC, Apollo-led consortium enter into $5.5bn investment partnership

The transaction will result in upfront proceeds of $2.7bn to ADNOC and is expected to close before end of 2020, subject to closing conditions and regulatory approvals