Apollo partners with bp in Trans Adriatic Pipeline
WEB5 days ago · 16 September 2024. Apollo Funds to become a non-controlling shareholder in bp Pipelines TAP Limited, an entity which holds a 20% stake in Trans Adriatic Pipeline AG. Provides Apollo exposure to a world-class energy asset; allows bp to unlock near-term value and capital for efficient reallocation. Separately, bp …
Apollo inks $1 billion deal with BP to fund stake in Trans Adriatic …
WEB5 days ago · Sept 16 (Reuters) - Apollo Global Management (APO.N) has signed a $1 billion deal with British energy major BP (BP.L) to fund its stake in the Trans Adriatic natural gas pipeline, the companies ...
BP Sells Stake In Gas Pipeline To Apollo, Raises $1B - Yahoo Finance
WEB5 days ago · BP p.l.c. (NYSE:BP) inked a deal under which Apollo Global Management, Inc. (NYSE:APO) managed funds will acquire a non-controlling stake in BP Pipelines TAP Limited for around $1 billion. The bp ...
Apollo to purchase $1bn stake in bp Pipelines TAP - Yahoo Finance
WEB5 days ago · British energy major bp has entered into an agreement with Apollo-managed funds for the sale of a non-controlling interest in its subsidiary, bp Pipelines TAP, valued at approximately $1bn (£757 ...
Apollo strikes $1B deal with BP for stake in Trans Adriatic gas
WEBThe deal, announced on Monday, positions Apollo as a non-controlling shareholder in BP Pipelines TAP Limited, a BP subsidiary that holds a 20% stake in Trans Adriatic Pipeline AG.The proceeds from ...
WEBbp (NYSE: BP, LSE: BP.L) and Apollo (NYSE: APO) today announce an agreement for Apollo-managed funds (the “Apollo Funds”) to purchase a non-controlling stake in bp Pipelines TAP Limited, the bp subsidiary that holds a 20% share in Trans Adriatic Pipeline AG (TAP) in a transaction valued at approximately $1 billion.
BP Signs $1 Billion Deal to Sell Non-Controlling Stake in BP ... - MSN
WEBStory by MT Newswires. • 15m. BP (BP) agreed to sell a non-controlling stake in BP Pipelines TAP to alternative asset manager Apollo Global Management (APO) in a transaction valued at $1 billion ...
Apollo partners with bp in Trans Adriatic Pipeline
WEB5 days ago · bp and Apollo has announced an agreement for Apollo-managed funds to purchase a non-controlling stake in bp Pipelines TAP Ltd., the bp subsidiary that holds a 20% share in Trans Adriatic Pipeline AG (TAP) in a transaction valued at approximately $1 B. Upon completion, bp will remain the controlling shareholder of bp Pipelines TAP Ltd.
Apollo Inks $1 Billion Deal With BP for Stake in Gas Link
WEB5 days ago · Sep 16, 2024. (Bloomberg) -- Apollo Global Management agreed to pay BP Plc $1 billion for a stake in a key Caspian-region natural gas pipeline, a move that will help the energy major reallocate some of its resources as oil prices slump. The New York-based investor will buy a non-controlling interest in a BP subsidiary holding a 20% stake in the ...
Apollo Takes Share of BP’s Trans Adriatic Pipeline in $1B Deal
WEB5 days ago · BP and Apollo have entered into an agreement for Apollo-managed funds to purchase a non-controlling stake in BP Pipelines TAP Limited, BP’s subsidiary that holds a 20% share in Trans Adriatic Pipeline (TAP), in a transaction valued at approximately $1 billion. Upon completion, BP will remain the controlling shareholder of BP Pipelines TAP ...
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