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Story summary
- Apollo will acquire Nippon Sheet Glass Company (NSG) for nearly $3.7 billion, marking its largest private equity investment in Japan.
- The deal is Apollo's fifth investment in Japan.
- Key lenders will convert some loans into equity to stabilize NSG's balance sheet.
- Munehiro Hosonuma, NSG CEO, says the partnership will enhance manufacturing capabilities.
- Shareholder approval at NSG's AGM in late June; closing is expected in March 2027.
