Apollo Funds to Acquire Majority Stake in Leading Sustainable Bioenergy Producer AS Graanul Invest
NEW YORK and TALLINN, Estonia, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that funds managed by its affiliates (the “Apollo Funds”) have agreed to acquire a majority stake in AS Graanul Invest (“Graanul” or the “Company”), the largest producer of sustainable wood pellets in Europe – and one of the largest producers globally.
- NEW YORK and TALLINN, Estonia, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo) today announced that funds managed by its affiliates (the Apollo Funds) have agreed to acquire a majority stake in AS Graanul Invest (Graanul or the Company), the largest producer of sustainable wood pellets in Europe and one of the largest producers globally.
- The highly energy efficient CHP plants power the Companys manufacturing operations, helping it to achieve the lowest carbon footprint in the industry.
- Allen & Overy LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP, and Sorainen served as legal advisors to the Apollo Funds.
- Founded in 2003, Graanul is a world leader in biomass and bioenergy production and is the largest producer of wood pellets in Europe.