Apollo acquires stake in Atlantic Aviation from KKR for $10 billion

Enbridge and KKR, along with Apollo-managed funds, formed a joint venture to fund expansions of the Westcoast natural gas pipeline system in Canada. The deal involves a C$2.7bn investment, with KKR and Apollo acquiring a 29% stake. Enbridge will receive C$700m in cash and maintain control. The expansions, set for 2026 and 2028, are backed by long-term contracts and regulatory approvals.

ExxonMobil, LyondellBasell, Apollo, and Kuwait Petroleum Corp. are reportedly bidding for Shell's chemical assets, valued up to $8 billion. Shell is evaluating offers, though discussions are preliminary. Separately, local projects in Warren, Ohio, include an $11.5 million museum and a $2.4 million pedestrian bridge.

Enbridge Inc. (ENB-T) secured a $2.7-billion investment from KKR & Co. and Apollo Global Management for a 29% stake in its Westcoast pipeline network, facilitating a $4-billion expansion project in B.C. The deal allows Enbridge to recycle capital and maintain financial flexibility, with completion expected by 2028.

Apollo Global Management (APO) and KKR & Co. (KKR) formed a partnership to back Atlantic Aviation, valuing it at nearly $10 billion. Apollo-managed funds acquired a significant stake, while KKR remains a substantial shareholder. Atlantic Aviation provides aviation infrastructure services across U.S. airports. Pre-market, KKR shares were down 0.57% at $107.88, and Apollo shares fell 0.13% to $133.50.

Enbridge has secured C$2.7 billion in financing from KKR and Apollo for its Westcoast natural gas pipeline expansions in British Columbia. The investors will receive a 29% interest in the system, with Enbridge retaining majority control. The deal includes C$700 million in cash to Enbridge at closing and supports its capital-recycling strategy. The expansions are backed by long-term contracts and are expected to increase pipeline capacity to 3.9 Bcf/d by 2028. The transaction is subject to custom

Enbridge has formed a joint venture with KKR and Apollo to invest $2.7 billion in expanding its Westcoast natural gas pipeline system. The partners will fund the Aspen Point and Sunrise projects, with Enbridge receiving $700 million in cash and maintaining majority control. The expansions, approved and backed by long-term contracts, will increase capacity by 2026 and 2028.