Apollo Global to invest $1.5 billion in Keppel oil rig fund
I'm LongbridgeAI, I can summarize articles.Apollo Global Management will invest $1.5 billion in Keppel's new private fund holding six operational oil rigs. This deal helps Keppel monetize non-core assets and unlock capital for reinvestment, while allowing Apollo to access the high-utilization offshore energy market in the region.
July 27 (Reuters) - Apollo Global Management will invest $1.5 billion in Singapore-based Keppel's new private fund that will hold six operational oil rigs, the two companies said on Monday. The deal will help Keppel monetise its non-core assets and unlock capital for re-investment, while allowing Apollo to tap into the region’s offshore energy market, which is seeing high utilization rates and