Apollo Global Mgmt Inc Stock Price, News & Analysis

Apollo has successfully acquired Kem One Group, a prominent European PVC producer, from De Krassny GmbH. This acquisition enables Kem One to enhance its production operations across its eight industrial sites in France and Spain. Apollo aims to modernize Kem One's production and expand its growth strategy, focusing on customer service and sustainability. Kem One's CEO, Frédéric Chalmin, will remain at the helm, driving significant industrial projects, including an ethylene storage terminal and plant modernization.

Apollo announces a strategic partnership with DL Energy for the acquisition of a 25% equity stake in CPV Fairview Energy Center, a premier provider of environmentally sustainable electric power. The transaction, valued at an undisclosed amount, highlights Apollo's commitment to the clean energy sector. CPV Fairview has a capacity of 1,050MW, serving over one million homes, and plays a crucial role in meeting Pennsylvania's energy demands. Completion is anticipated by Q1 2022, strengthening its existing partnerships with Competitive Power Ventures and Osaka Gas.

Intrado Corporation will host its fourth annual Festival for Communicators on February 3, 2022. The event will include live programming from London, New York, and Chicago, featuring key figures from marketing and public relations. Emmy-winning Brendan Hunt will deliver the keynote address. This year’s festival aims to enhance engagement through interactive features and networking opportunities. Participation is free, and the event celebrates successful virtual projects from 2021. Intrado offers a unique communications cloud for event and public relations needs.

Intrado Corporation announced the appointment of Jeff Robertson, President of Intrado Life & Safety, to the CTIA Board of Directors, effective January 1, 2022. Robertson, with over 30 years in public safety and emergency communications, will focus on improving emergency response through advanced wireless technologies. His experience is expected to align with CTIA's mission to advocate for the wireless communications industry, which is crucial as more than 80% of 911 calls are made via wireless phones. This appointment underscores Intrado’s commitment to enhancing public safety communications.

Altius Renewable Royalties (ATRWF) announced a 2.5% gross revenue royalty for its joint venture, Great Bay Renewables (GBR), disclosed in Q3 results on November 8, 2021. The royalty is linked to JERA Co. Inc.'s acquisition of the 300 MW El Sauz wind project in Texas, with construction beginning in early 2022 and operations expected by Q4 2022. GBR, a partnership between ARR and Apollo Global Management (APO), focuses on financing renewable energy projects.

Apollo has announced a definitive agreement to acquire the US wealth distribution and asset management businesses of Griffin Capital, marking a significant expansion of Apollo’s Global Wealth Management Solutions. The acquisition adds over $5 billion in assets under management (AUM) and enhances Apollo’s capabilities in providing alternative investment solutions to individual investors. The integration of Griffin's experienced distribution team and technology is expected to accelerate Apollo's growth in the US wealth market, enhancing client offerings.

Allego Holding B.V. has announced a strategic partnership with Nissan to enhance Europe's electric vehicle charging infrastructure. This collaboration will cover 16 countries and over 600 locations, focused on installing and maintaining DC fast charging solutions with capacities of 50kW and 24kW. With the aim to support Nissan's electric mobility initiatives, this partnership solidifies Allego's position in the European charging market. The deal includes comprehensive services for charging point operations and maintenance at Nissan locations, contributing to the expansion of sustainable transport solutions.

Brightspeed has appointed Christie Grumbos as Chief Financial Officer, effective immediately. Reporting to CEO Bob Mudge, she will oversee finance, accounting, and treasury operations, and lead capital planning for the company's ambitious $2 billion fiber optics transformation strategy. Grumbos has over 25 years of experience in finance, having served as CFO at Terminix and held senior roles at Vivint Smart Homes and Windstream Holdings. Brightspeed aims to extend high-speed internet service to three million households across multiple states, addressing the digital divide.