Apollo Global (APO) is seeking to sell its Hispanic grocery chain, Heritage Grocers Group, which could be valued at about $1.5B, Reuters’ Abigail Summerville reports. The move comes as fears of immigration raids have reduced consumer demand in Latino communities across the U.S., according to sources.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APO:
- Apollo Global price target lowered to $151 from $154 at Morgan Stanley
- Apollo Global appoints Bert Crouch as head, real estate equity
- Private Equity on Parade: APO,CG,KKR Set to Fund $150B U.S. Army Infrastructure Upgrade
- U.S. army asks private equity groups to pitch strategy projects, FT reports
- Video: Big banks continue to beat expectations
