Apollo announced that it has entered into an agreement for Apollo affiliates and other long-term investors to provide EUR 1B to acquire a minority stake in one of Vonovia’s affiliates. This commitment follows two previous EUR 1B transactions between Vonovia and Apollo in 2023, related to Vonovia’s real estate portfolios in Southwest Germany and Northern Germany. The latest agreement brings Apollo affiliates and funds total arranged commitments to Vonovia entities to EUR 3B.
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