Apollo Global Management Inc. has closed acquisition of 80% stake in AS Graanul Invest. The transaction was approved by the European Competition Authority.  “For Apollo, the deal is a major step as a strategic investment in Europe’s green energy transition. Apollo’s long-term goal is to support European companies and the transition of the energy sector to renewable energy sources. Sustainably-sourced wood pellets are an excellent substitute for fossil resources, especially coal in classic cogeneration plants,” commented Brad Fierstein, who led the deal for Apollo. Founded in 1990, Apollo Global Management is ...