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Apollo Global Management-Led Consortium to Acquire 49% Stake in UAE’s ADNOC Property Leasing Unit for USD2.7b at USD5.5b EV

A consortium of investors led by Apollo Global Management has agreed to acquire a 49% stake in UAE-based Abu Dhabi Property Leasing Holding Company, a wholly owned affiliate of ADNOC, for USD2.7b as part of a deal valued at USD5.5b. The transaction is expected to close by the end of 2020. Read more