Investment company Apollo Global Management is reportedly mulling a buyout of UK prime boulevard staple Marks & Spencer.
The New York based totally corporate considers the acquisition a cut price and believes the three way partnership between M&S and supply corporate Ocado has been undervalued. The Sunday Times first reported. It comes after Apollo Global Management purchased a 50 in keeping with cent stake within the joint supply provider in 2019 for £750m.
Apollo unsuccessfully bid for Asda, which was once obtained ultimate 12 months via non-public fairness company TDR and the Issa brothers for £6.8bn. The US selection investments industry later held talks over becoming a member of the consortium bidding for Morrisons and in addition mulled an be offering for Sainsbury’s this 12 months.
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