Apollo is taking full ownership of Athene. Here's how the mega insurance deal is part of a push to overhaul the PE giant's tarnished image.
Apollo said Monday it would acquire longtime affiliate Athene Holdings. The deal would create a $29 billion conglomerate and put to rest conflict of interest issues that previously arose from Apollo managing Athene as an independent company. “There’s no doubt the cross ownership structure of these two companies led to complexity and questions,” said Glenn Schorr, an analyst with Evercore […]
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