Apollo Global Management, Inc. announced that funds managed by its affiliates have agreed to acquire a majority stake in AS Graanul Invest, the largest producer of sustainable wood pellets in Europe – and one of the largest producers globally. The transaction, which is expected to close later in 2021, is subject to antitrust and regulatory approvals and other customary closing conditions. Graanul Invest is Europe's largest producer of wood pellets and is active in the production of bioenergy and renewable energy, forestry and the development of biomaterials. "Apollo will have ...
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