InsideArbitrage Potential Deal Alert: Apollo (APO) and Marcelo Claure explore buyout of LatAm telco Millicom (TIGO)

POTENTIAL DEAL DETAILS

According to Financial Times, buyout firm Apollo Global Management (APO) has teamed up with former SoftBank executive Marcelo Claure to explore a takeover of Millicom International Cellular (TIGO) that could value the Latin American telecoms operator at almost $10 billion, including debt.

Update(s):

June 15, 2023: Millicom (TIGO) announces that discussions with Apollo Global Management and Claure Group regarding a potential acquisition of all outstanding shares in Millicom have terminated.

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