Apollo Said to Ready €750 Million Loan for Neinor’s Aedas Bid

Apollo Global Management Inc. is poised to provide the bulk of the financing for a potential deal in Spain that could create the nation’s biggest developer.

The New York-based private capital giant is working on providing about €750 million ($870 million) in a loan for Neinor Homes SA’s bid to acquire rival Aedas Homes SA, according to people familiar with the matter.

For the rest of the financing, Neinor has irrevocable commitments from existing shareholders for about €200 million, as well as existing funds held by the company, the people said, asking not to be identified discussing non-public ...