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Apollo-managed funds acquire economic interests in Athene's investment vehicle

Athene Life Re Ltd. has sold 67% of its economic interests in Athene Co-Invest Reinsurance Affiliate 1A Ltd. to certain funds managed by Apollo Global Management Inc. for about $575 million.

In connection with the transaction, Athene Life Re signed a shareholders agreement with Athene Co-Invest Reinsurance Affiliate 1A and the Apollo Global-managed funds. The agreement's terms were approved by the disinterested members of the board of Athene Holding Ltd.