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Athene, which is backed by Apollo, has agreed to acquire Petros PACE Finance, a provider of commercial property assessed clean energy financing to owners and developers of commercial properties.
(Bloomberg) German financial regulator BaFin is close to freezing payments in and out of Greensill Bank AG, a step that could further weaken the stricken trade-finance empire amid efforts to find a buyer.The watchdog could take the decision on a so-called moratorium for the German banking arm of Greensill Capital at short notice, according to people familiar with the matter, who asked not to be named because the deliberations are private.The move is one of the strictest actions the regulator can take, designed to preserve what’s left of a lender after a period of stress to ensure that depositors and creditors get as much of their money back as possible. It’s another headache for founder Lex Greensill, who is in talks to sell the firm’s operating business to Athene Holding Ltd amid a crisis of confidence in the creditworthiness of its borrowers.Read More: Greensill Nears Sale to Apollo-Backed Athene as Funds FreezeBaFin has appointed a special representative to ov