Briefing: Apollo agrees biggest Japan deal in $3.7bn rescue of glassmaker NSG

Apollo has finalized a significant acquisition, agreeing to purchase NSG for $3.7 billion. This transaction marks one of the largest deals in Japan's glass manufacturing industry.

NSG has faced operational difficulties since its acquisition of UK-based Pilkington two decades ago, which has impacted its market performance and strategic positioning.

This deal could signal a shift in the operational landscape for NSG, potentially allowing for improved capacity and throughput as Apollo seeks to optimize the company's infrastructure.