Apollo funds, together with rettig, complete the acquisition of a 94.53% stake in purmo group plc

New york, aug. 16, 2024 (globe newswire) -- apollo (nyse: apo) today announced that apollo-managed funds associated with its clean transition equity strategy, together with strategic minority co-investor rettig oy ab (“rettig”), have through the special purpose vehicle project grand bidco (uk) limited completed the previously announced acquisition of a 94.53% equity ownership stake in purmo group plc, a leader in sustainable indoor-climate solutions. apollo funds and rettig will look to acquire the remaining outstanding shares through project grand bidco (uk) limited and delist purmo group from the nasdaq helsinki stock exchange in the near future, resulting in apollo funds owning 80% and rettig 20% of purmo group.
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