Apollo completed the acquisition of a 50% stake in Vale Oman Distribution Center from Vale for $600m.

Apollo, an alternative investment manager, completed the acquisition of a 50% stake in Vale Oman Distribution Center, a maritime terminal operator. from Vale, a company specializing in metals and mining, for $600m. “We are pleased to provide a bespoke, cost-effective capital solution to an affiliate of one of Latin America’s leading companies, building on the strong momentum of our corporate solutions business. VODC operates at the heart of one of the world’s busiest trade routes and the transaction is another example of Apollo’s ability to finance critical supply chain infrastructure. This investment also further demonstrates our ability to provide our clients with differentiated access to high grade securities,” Jamshid Ehsani, Apollo Partner.