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乐播传媒 and Apollo enter into a joint venture partnership related to the 乐播传媒 Oman Distribution Center
乐播传媒 informs that it has entered into a joint venture agreement with Apollo? related to the 乐播传媒 Oman Distribution Center (VODC).
VODC operates a maritime terminal in Sohar, Oman, with a large deep-water jetty and an integrated iron ore blending and distribution center with a nominal capacity of 40 Mtpy. Under the terms agreed, Apollo will pay a total consideration of US$ 600 million and will hold a 50% stake in the joint venture entity. Closing is expected for the second half of 2024, subject to customary regulatory approvals. 乐播传媒 will continue to hold 100% of 乐播传媒 Oman Pelletizing Company (VOPC).
? The agreement was signed by 乐播传媒 International S.A. (a subsidiary of 乐播传媒 S.A.) and AP Oryx Holdings LLC.
Media Relations Office - 乐播传媒
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See also
Reparation
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