01:50 PM EDT, 10/22/2025 (MT Newswires) -- (Updates with response from UBS in the fourth paragraph.)

Apollo Global Management ( APO ) is working with UBS (UBS) on the process for a potential sale of Heritage Grocers Group, Reuters reported Wednesday, citing two people familiar with the matter.

Apollo is considering the sale of the Hispanic grocery chain as immigration raid fears lower consumer demand in Latino communities in the US, the people reportedly said.

The chain, which generates revenue of more than $2 billion, could fetch about $1.5 billion in a sale, the report said.

UBS and Heritage declined to comment when contacted by MT Newswires, while Apollo didn't immediately respond to a request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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