Apollo Global Management, Inc. (APO) said that its Apollo-managed funds have inked deals to acquire Nippon Sheet Glass Company, Limited (NPSGF,5202.T), a Japanese glass maker, for nearly $3.7 billion.
Under the terms, Apollo Funds will invest equity to support the company's financial position and long-term growth. With Apollo Funds' investment and strategic support, Nippon Sheet Glass Company will be able to accelerate growth initiatives and invest in future technologies.
The transaction is expected to be closed by around March 2027.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.