London | Billionaire Lex Greensill is under pressure to move fast on a sale of parts of his ailing supply-chain finance firm to giant US asset manager Apollo Global Management this week, as another Swiss fund bailed out on him.
In a terse statement on Tuesday (Wednesday AEDT), Mr Greensill’s eponymous firm did not name Apollo but confirmed that “the transaction is expected to include large parts of Greensill’s business and its assets under management”.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
