Apollo Global invests $1.75 billion in U.S. supermarket operator Albertsons

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FILE PHOTO: Customers leave an Albertsons grocery store with their purchases in Burbank, California, U.S., July 17, 2012. REUTERS/Fred Prouser/File Photo/File Photo

(Reuters) – Buyout firm Apollo Global Management (APO.N) said on Wednesday it has invested $1.75 billion in Albertsons Companies Inc, a sign of confidence in the debt-laden U.S. supermarket operator whose fortunes have picked up in the coronavirus outbreak.

The parent of grocery chains such as Safeway, Vons and Acme for years struggled to generate enough earnings growth to pursue an initial public offering (IPO) that would allow its owners, including private equity firm Cerberus Capital

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Apollo, Oaktree, BGH among those circling Virgin Australia: sources

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SYDNEY/HONG KONG (Reuters) – Private equity and distressed situation specialists Apollo Global Management, Oaktree Capital Management and BGH Capital are among those that have expressed interest in restructuring Virgin Australia Holdings Ltd (VAH.AX), five sources said.

FILE PHOTO: Aircraft from Australia’s second largest airline, Virgin Australia, sit on the tarmac at the domestic terminal of Sydney Airport in Australia, August 19, 2018. REUTERS/David Gray/File Photo

Virgin on Tuesday entered voluntary administration in an attempt to restructure its crippling A$5 billion ($3.2 billion) debt load as it struggles with a lack of demand due to the coronavirus pandemic, making

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Expedia nearing deal to sell stake to Silver Lake and Apollo: WSJ

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FILE PHOTO: The logo of global online travel brand Expedia is pictured at the International Tourism Trade Fair (ITB) in Berlin, Germany, March 9, 2016. REUTERS/Fabrizio Bensch

(Reuters) – Online travel services company Expedia Group Inc (EXPE.O) is in advanced talks to sell a stake to private-equity firms Silver Lake Partners and Apollo Global Management Inc (APO.N) for about $1 billion, the Wall Street Journal reported on Tuesday.

Expedia’s shares rose more than 6% in extended trading. The company’s shares have fallen about 47% so far this year as global travel restrictions due to the coronavirus

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