Business
Apollo Global nabs strategic stake in Challenger Ltd – The Australian Financial Review
American private equity and alternatives giant Apollo Global has swooped on a $720 million strategic stake in Australia’s Challenger…
They said they had paid $720 million for the stake, and would need regulatory approval to go above the 15 per cent mark.
Its agreement with Caledonia leaves room for the $6 a share price to be raised under a handful of scenarios, including if Apollo and…
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