Apollo to provide €1 billion capital solution to vonovia in second transaction

New york, nov. 03, 2023 (globe newswire) -- apollo (nyse: apo) today announced that it has entered into agreements for apollo-managed insurance affiliates, funds and other long-term investors to invest €1 billion into an entity owning a portfolio of high-quality real estate assets in northern germany controlled by vonovia, a leading global residential real estate company with assets of approximately $100 billion. this commitment follows a €1 billion investment by apollo funds in a vonovia portfolio in southwest germany earlier this year.
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