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flag Apollo buys majority stake in OEG Energy for over $1 billion, expanding into offshore energy.

flag Apollo is acquiring a majority stake in OEG Energy Group, an offshore energy solutions provider, in a deal valued at over $1 billion. flag Oaktree Capital Management and other investors will keep a minority stake. flag OEG, known for its large fleet of cargo carrying units, serves both oil and gas and wind energy markets. flag The acquisition, subject to regulatory approvals, is expected to close by the second quarter of 2025.

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