By Helena Smolak
Apollo agreed to acquire a majority stake in British OEG Energy Group at a valuation of more than $1 billion.
The U.S. investment firm said Wednesday that the transaction is expected to close in the second quarter this year.
Oaktree Capital Management and other shareholders will retain a minority equity interest in the offshore energy supplier, it said.
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
March 19, 2025 09:38 ET (13:38 GMT)
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