Apollo Commercial Real Estate Finance To Invest In KBC Bank Deutschland

(RTTNews) - Apollo Commercial Real Estate Finance, Inc. (ARI) announced the company, together with other investors, including affiliates of Apollo Global Management, LLC (APO) have reached an agreement to make an investment in an entity that has agreed to acquire a minority participation in KBC Bank Deutschland AG, the German subsidiary of Belgian KBC Group NV. Apollo Commercial Real Estate Finance committed to invest up to approximately $50 million, representing approximately 21% of the ownership.

KBC Bank Deutschland AG specializes in corporate banking and financial services for medium-sized German companies. It also is active in real estate financing, acquisition finance, institutional asset management and private wealth management for German high net worth individuals.