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ABC Technologies Holdings Inc. Announces the Closing of Majority Stake Sale to Funds Managed by Apollo Global Management

TORONTO -- ABC Technologies Holdings Inc. (TSX:ABCT) (“ABC Technologies”, “ABC” or the “Company”) announced today the closing of the previously announced transaction involving the sale of a majority stake in the Company by ABC Group Canada LP (“ABC LP”), an affiliate of funds managed by Cerberus Capital Management, L.P. (“Cerberus”) to certain investment funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) (“Apollo”), pursuant to a share purchase agreement dated April 12, 2021 (the “Agreement”) among the Company, ABC LP and the Apollo Funds. Read More

from Financial Post https://ift.tt/3d9y9cY
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