Apollo’s Zelter on Abu Dhabi Property Deal With Adnoc - THEMARKETTRENDZ

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Wednesday, 2 September 2020

Apollo’s Zelter on Abu Dhabi Property Deal With Adnoc



Sep.02 -- Apollo Global Management Co-President Jim Zelter discusses the private equity giant's decision to invest $2.7 billion in Abu Dhabi’s property market along with a group of pension and insurance funds, in one of the largest real estate deals in the Middle East. The Apollo-led consortium will buy 49% of a property leasing unit established by United Arab Emirates' state-owned energy producer Abu Dhabi National Oil Co., or Adnoc, Zelter speaks with Bloomberg's Manus Cranny.
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