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Intel (INTC.US) to Spend USD14B to Buy Back Apollo Stake in Ireland Plant
2026-04-01 22:17:33 Chipmaker Intel (INTC.US), in a move to restore its manufacturing capabilities, has agreed to pay USD14.2 billion to repurchase half of the stake in its Ireland plant that it previously sold to Apollo Global Management. The stock price was last up more than 9%. The company said the transaction will be financed with existing cash and the issuance of approximately USD6.5 billion in new debt. Apollo had originally invested USD11.2 billion to acquire a 49% stake in the joint venture. (sw/t)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |