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Deals Rumor Mill: Apollo, Bird, Reliance Industries

By Benjamin Horney (July 23, 2019, 6:01 PM EDT) -- Apollo Global Management LLC has hit the brakes on talks to sell French glass bottle making business Verallia and will instead take the company public, Reuters reported on Tuesday. According to the report, the initial public offering could value Verallia at roughly €4.5 billion ($5 billion), including debt, and may take place as soon as September. Verallia had received preliminary offers from the likes of Cinven, CVC Capital Partners and PSP Investments, but Apollo determined a listing is likely to produce a better return on its investment, the report said....

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