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Apollo's Atlas SP, BNP Paribas Announce $5 Bln Strategic Collaboration

September 20, 2024 — 10:22 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - Friday, Atlas SP, a subsidiary of Apollo Global Management, Inc. (APO), and BNP Paribas (BNPQY.PK, BNP.L) announced a strategic collaboration of $5 billion to boost the former's investment and asset-backed credit deals.

The collaboration aims to support securitizations sourced by Apollo and Atlas issuer clients.

Currently, Apollo's stock is trading at $121.32, down 0.25 percent on the New York Stock Exchange.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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