NEW YORK ( The Deal) -- Apollo Management Holdings extracted another $1.1 billion from portfolio company LyondellBasell Industries (LYB - Get Report) by selling 16.5 million shares at $68 each in a secondary offering on Tuesday.This transaction included, Apollo has taken out approximately $6.7 billion via offerings and dividends from LyondellBasell, representing about 3.5 times the private equity firm's $2 billion initial investment.
The Deal: Apollo Takes Another $1B Out of LyondellBasell
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