Apollo to buy nearly 10% stake in Abu Dhabi-backed alternative asset manager Mubadala Capital
Summary
Apollo Global is moving forward with its expansion plans in Abu Dhabi by acquiring a substantial minority ownership position in a local alternative asset management firm. This transaction strengthens the buyer's strategic presence within the region's prominent financial sector.
The deal further advances Apollo Global's ambitions in Abu Dhabi, often called the "capital of capital."
Source: Read the full story at US Top News and Analysis
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