Apollo Global Management

Sodia Capital Management, the property market arm of Apollo Global Management, is looking forward to the modernization of the instrument for online auctions in a way that will turn it into another channel for property transactions.

Over 20,000 properties of all types are expected to come on the market in the coming years, either through direct sales or auctions, with an obvious impact on prices.

Alpha Bank is awaiting binding offers from three short-listed investors for the concession of its nonperforming corporate loan portfolio dubbed "Neptune," testing investor interest in the largest portfolio of secured corporate loans put up for sale by a Greek lender to date.

Greece's fourth-largest lender Alpha Bank said on Thursday it clinched a deal to sell 1.0 bln euros of Greek small business non-performing loans with a consortium of funds managed by Apollo Global Management and the IFC.

Financial advisory firm Lazard told BIRN that it has not signed a strategic partnership deal with US investment fund Apollo Management, a potential buyer of Telekom Srbija, contrary to allegations in Serbian media.

"Lazard never formed a strategic partnership with Apollo," said Richard Creswell, Lazard senior vice-president at Lazard.