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Stock impact report

Apollo Shifts From Golf Clubs To Gas Infrastructure In Capital Reallocation [Yahoo! Finance]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: Yahoo! Finance
Apollo Global Management (NYSE:APO) agreed for its managed funds to acquire a 40% stake in Pembina Gas Infrastructure Inc., a gas processing business in Western Canada. The firm is also reportedly in talks to sell its Invited Clubs private golf club business for about US$3b. These potential transactions point to meaningful shifts in Apollo's exposure to energy infrastructure and hospitality. Apollo Global Management, traded as NYSE:APO, runs a large alternative asset platform across credit, private equity and real assets. The Pembina Gas Infrastructure deal puts capital into midstream energy, a segment tied to demand for gas processing and transportation capacity in resource rich regions such as Western Canada. The possible US$3b sale of Invited Clubs would move capital out of private golf and hospitality assets and free up funds for other priorities. For investors, the combination of a new infrastructure position and a potential exit elsewhere is notable, as it may influence Show less Read more
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