---
title: "What's Going On With Apollo Global Stock On Wednesday?"
description: "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 Q"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/232453068.md"
published_at: "2025-03-19T17:38:14.000Z"
---

# What's Going On With Apollo Global Stock On Wednesday?

> 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.

**Apollo Global Management, Inc.** APO shares are trading higher on Wednesday.

Today, the firm has announced that funds managed by its affiliates have reached an agreement to acquire a majority stake in OEG Energy Group, a provider of offshore energy solutions.

This transaction, which values OEG at over $1 billion, sees Oaktree Capital Management and other investors retain a minority equity interest.

OEG owns and operates one of the world’s largest fleets of cargo-carrying units (CCUs), with more than 75,000 units that facilitate transportation of cargo to and from offshore installations.

Additionally, OEG’s Renewables segment offers integrated technical solutions to the growing offshore wind sector.

**Wilson Handler**, Partner at Apollo, highlighted the significant growth opportunity for OEG, driven by demand for services that support energy production and renewable power.

**Also Read: Stocks, Dollar Rise Ahead Of Fed Meeting, Boeing Eyes Best Day In Nearly 2 Years: What’s Driving Markets Wednesday?**

“We see a tremendous opportunity to invest in the Company’s future growth as secular tailwinds drive demand for services enabling efficient energy production and renewable power,” Handler said.

The deal, which is subject to regulatory approvals, is expected to close in the second quarter of 2025.

Oaktree’s **Francesco Giuliani** also praised the growth achieved during its ownership of OEG, signaling confidence in the company’s trajectory.

According to Benzinga Pro, APO stock has gained over 28% in the past year. Investors can gain exposure to the stock via **Fidelity Disruptive Finance ETF** FDFF.

**Price Action:** APO shares are trading higher by 3.05% to $141.64 at last check on Wednesday.

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*Photo via Shutterstock.*

*This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.*

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
