What's Going On With Apollo Global Stock On Wednesday?
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Apollo Global Management shares rose 3.05% to $141.64 after announcing the acquisition of a majority stake in OEG Energy Group, valuing the company at over $1 billion. The deal, expected to close in Q2 2025 pending regulatory approvals, highlights growth opportunities in offshore energy solutions and renewable power. OEG operates a large fleet of cargo-carrying units and offers services for the offshore wind sector. Apollo's partner emphasized the potential for future growth driven by increasing demand for energy production services.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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