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  • Aug 16, 2024

      Show headlines and story abstract
    • 1:44PM ET on Friday Aug 16, 2024 by Dow Jones
      Companies Mentioned: APO

      1343 ET - Steward Health Care System has made "significant progress" in talks over the sale of six of its Massachusetts hospitals, a lawyer for the hospital operator says at a bankruptcy court hearing. As part of those negotiations, discussions are going on between the Massachusetts state government and Apollo Global Management, the lender with a mortgage on the facilities, Ray Schrock also tells the U.S. bankruptcy court judge. The state government has been deeply involved in the sale of the Massachusetts hospitals, and agreed to provide $30 million in funding until they get sold. The company hopes to report a positive outcome to the talks, but Steward believes Massachusetts will provide funding through September if the talks continue beyond this month, Schrock adds. Steward's lawyers and Massachusetts officials have warned the hospitals could be forced to close unless they're sold quickly. (Soma.Biswas@wsj.com)
    • 10:00AM ET on Friday Aug 16, 2024 by MT Newswires
      Companies Mentioned: APO
      10:00 AM EDT, 08/16/2024 (MT Newswires) -- Apollo Global Management (APO) said Friday that funds it manages, along with minority co-investor Rettig, have completed the acquisition of a 94.5% stake in Purmo Group, a provider of indoor-climate product...
    • 9:15AM ET on Friday Aug 16, 2024 by GlobeNewswire
      Companies Mentioned: APO
    • 9:15AM ET on Friday Aug 16, 2024 by Dow Jones
      Companies Mentioned: APO

      Apollo Funds, together with Rettig, complete the acquisition of a 94.53% stake in Purmo Group Plc

      NEW YORK, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds associated with its Clean Transition Equity strategy, together with strategic minority co-investor Rettig Oy Ab ("Rettig"), have through the special purpose vehicle Project Grand Bidco (UK) Limited completed the previously announced acquisition of a 94.53% equity ownership stake in Purmo Group Plc, a leader in sustainable indoor-climate solutions. Apollo funds and Rettig will look to acquire the remaining outstanding shares through Project Grand Bidco (UK) Limited and delist Purmo Group from the Nasdaq Helsinki Stock Exchange in the near future, resulting in Apollo funds owning 80% and Rettig 20% of Purmo Group.
    • 9:15AM ET on Friday Aug 16, 2024 by Dow Jones
      Companies Mentioned: APO

      Apollo Funds, together with Rettig, complete the acquisition of a 94.53% stake in Purmo Group Plc

      NEW YORK, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds associated with its Clean Transition Equity strategy, together with strategic minority co-investor Rettig Oy Ab ("Rettig"), have through the special purpose vehicle Project Grand Bidco (UK) Limited completed the previously announced acquisition of a 94.53% equity ownership stake in Purmo Group Plc, a leader in sustainable indoor-climate solutions. Apollo funds and Rettig will look to acquire the remaining outstanding shares through Project Grand Bidco (UK) Limited and delist Purmo Group from the Nasdaq Helsinki Stock Exchange in the near future, resulting in Apollo funds owning 80% and Rettig 20% of Purmo Group.

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