Apollo-Managed Funds And Affiliates To Lead An Investment Of $11B To Acquire From Intel A 49% Equity Interest In JV Entity Related To Fab 34
Portfolio Pulse from Benzinga Newsdesk
Apollo-managed funds and affiliates are set to lead an $11 billion investment to acquire a 49% equity interest in a joint venture entity related to Intel's Fab 34.
June 04, 2024 | 8:09 pm
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POSITIVE IMPACT
Apollo Global Management is leading an $11 billion investment to acquire a 49% equity interest in a joint venture entity related to Intel's Fab 34.
The significant investment by Apollo in a high-profile semiconductor project is likely to be viewed positively by investors, indicating strong growth prospects and strategic expansion.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Intel is selling a 49% equity interest in a joint venture entity related to Fab 34 to Apollo-managed funds and affiliates for $11 billion.
The sale of a significant equity interest in Fab 34 will provide Intel with substantial capital, which could be used for further investments or debt reduction, likely viewed positively by investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100