financetom
Business
financetom
/
Business
/
Apollo Funds Acquire Majority Stake in Bold Production Services
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Apollo Funds Acquire Majority Stake in Bold Production Services
Feb 12, 2025 10:28 AM

01:09 PM EST, 02/12/2025 (MT Newswires) -- Apollo Global Management ( APO ) said Wednesday that funds managed by its affiliates have acquired a majority stake in oil and gas infrastructure resource company Bold Production Services.

Financial terms were not disclosed.

Bold provides contract services in the treating and removal of impurities in natural gas, oil and water, Apollo said.

Price: 157.25, Change: -0.83, Percent Change: -0.53

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Flowco valued at $2.55 bln as shares jump in strong NYSE debut
Flowco valued at $2.55 bln as shares jump in strong NYSE debut
Jan 16, 2025
Jan 16 (Reuters) - Shares of Flowco Holdings ( FLOC ) opened nearly 21% above the initial public offering price in their market debut on Thursday, giving the oilfield services provider a market value of about $2.55 billion. ...
US billionaire Leon Black defeats rape accuser's defamation appeal
US billionaire Leon Black defeats rape accuser's defamation appeal
Jan 16, 2025
NEW YORK (Reuters) - A New York state appeals court ruled in favor of billionaire investor Leon Black on Thursday, rejecting a defamation claim by a woman who also accused the Apollo Global Management ( APO ) co-founder of rape and sexual abuse. In a 4-1 decision, the Appellate Division in Manhattan said Guzel Ganieva's October 2015 nondisclosure agreement covered...
What's Going On With SoFi Technologies Stock Thursday?
What's Going On With SoFi Technologies Stock Thursday?
Jan 16, 2025
SoFi Technologies Inc ( SOFI ) shares are moving higher. The company on Thursday announced a personal loan securitization agreement with a global fixed income manager. What Happened: SoFi on Thursday announced that it closed on a $525 million personal loan securitization agreement in the fourth quarter with funds and accounts managed by PGIM Fixed Income. The transaction comes after PGIM invested...
Trump treasury pick Bessent says US-Japan steel merger would get normal review
Trump treasury pick Bessent says US-Japan steel merger would get normal review
Jan 16, 2025
Jan 16 (Reuters) - Scott Bessent, U.S. President-elect Donald Trump's choice to head the Treasury Department, on Thursday said that if the blocked merger between U.S. Steel and Nippon Steel ( NISTF ) comes back for review under the Trump administration, it will get a fair assessment. If it reappears, CFIUS will conduct the same review that it always does,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved