Funds managed by Apollo subsidiaries to purchase a Mitsubishi Chemicals unit

Sept. 30 (Reuters) – U.S. private equity firm Apollo Global Management (APO.N) said funds managed by its subsidiaries have reached an agreement to buy the Thermal and Emissions Control Materials business of the Japanese producer of advanced materials Mitsubishi Chemical Corporation.

The deal, which is expected to close by March 20222, marks Apollo’s second investment in a private equity fund in Japan, he said in a statement without disclosing any financial details.

Report by Kanishka Singh in Bengaluru; Editing by Himani Sarkar

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