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 ...
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