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.
