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Apollo to Purchase Griffin Capital Items in Push to Attain Rich People

Apollo to Purchase Griffin Capital Items in Push to Attain Rich People

Apollo World Administration Inc. has agreed to purchase the U.S. wealth-distribution and asset-management companies of Griffin Capital Co., marking an enormous step within the funding big’s plan to broaden its choices for rich people.

The deal, anticipated to be introduced Thursday, will probably be paid for with Apollo inventory, agency officers stated. Apollo declined to reveal the value it’s paying for the 2 enterprise items, which make up nearly all of Griffin.

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