Apollo continues to trim stake in Australia's Ventia
Apollo Global Management has made its third partial exit this year from Australia-based Ventia Services Group – a maintenance services business carved out from Leighton Holdings in 2014 – with approximately AUD 240m (USD 153m) in proceeds.
Apollo sold 88.4m shares, reducing its holding to 4.32%, while fellow shareholder CIMIC Group, an Australian construction contractor, pared its holding to 7.35% by offloading 62.5m shares, according to...
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