Posted On: 02/27/2012 4:14:18 AM
Post# of 36554
Apollo Chases KKR in Energy With $7.15 Billion El Paso Unit Deal
Apollo Global Management LLC, seeking to catch up with KKR & Co. and Blackstone Group LP in the buyout industry’s race for energy assets, agreed to acquire El Paso Corp.’s oil- and gas-exploration unit for $7.15 billion.
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