On Friday, Atlas SP, a subsidiary of Apollo Global Management, Inc. (APO), and BNP Paribas (BNPQY.PK, BNP.L) announced a strategic collaboration valued at $5 billion aimed at enhancing investment and asset-backed credit transactions for Atlas SP.
The partnership is set to bolster securitizations facilitated by clients of both Apollo and Atlas.
As of now, Apollo's stock is trading at $121.32, reflecting a 0.25 percent decrease on the New York Stock Exchange.