Apollo Nears 1.6 Billion Dollar Deal for Forvia Unit
Apollo Global Management is reportedly close to buying Forvia car interiors business for 1.4 billion euros. The divestment aims to reduce debt for the supplier.
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Private equity giant APOLLO GLOBAL MANAGEMENT INC is reportedly in the final stages of a deal to purchase the automotive interiors division of the French parts manufacturer FORVIA. According to reports from Bloomberg News, the transaction is expected to be valued at approximately 1.4 billion euros, or roughly $1.64 billion.
