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Apollo buys majority stake in OEG Energy for over $1 billion, expanding into offshore energy.
Apollo is acquiring a majority stake in OEG Energy Group, an offshore energy solutions provider, in a deal valued at over $1 billion.
Oaktree Capital Management and other investors will keep a minority stake.
OEG, known for its large fleet of cargo carrying units, serves both oil and gas and wind energy markets.
The acquisition, subject to regulatory approvals, is expected to close by the second quarter of 2025.
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Apollo compra la participación mayoritaria en OEG Energy por más de mil millones de dólares, expandiéndose a la energía offshore.