Apollo Global Management agrees to finance BP's 20% stake in the Trans Adriatic pipeline for $1B.

Apollo Global Management has entered a $1 billion agreement with BP to finance BP's 20% stake in the Trans Adriatic natural gas pipeline. This partnership allows Apollo to become a non-controlling shareholder in BP's subsidiary. The deal aligns with BP's goal to achieve $2-3 billion in divestments and proceeds by 2024, as part of its structured financial strategy.

September 16, 2024
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