Apollo Management, the American private equity group, could be forced to pump millions of pounds of cash into Countrywide, Britain’s biggest chain of estate agents, in a bid to shore up its investment in the group. Sunday Telegraph
Countrywide’s debt is changing hands at 'seriously distressed' levels, according to specialist traders who believe the company will need to call on Apollo’s support to help it through the slowdown in the British housing market.
Sources close to Apollo said they were 'not worried' about their investment.