Funds: Former UK PM David Cameron is an adviser to Greensill. The deal talks are progressing between Greensill and the combination of Athene and Apollo Global Management, according to people familiar with the matter. Greensill is a startup lender that finances elements of complex supply chains but has been hot by a wave of defaults. Any deal is expected to include “large parts of Greensill’s business and its assets under management,” the firm said. In Germany, BaFin has been pressuring Greensill Bank to reduce the concentration of assets linked to UK industrialist Sanjeev Gupta, Bloomberg reported in August.

Source: Irish Independent March 03, 2021 02:36 UTC