Earlier this year, GE announced a plan to streamline its focus to a trio of core areas: renewables, power and aviation. Apollo Global Management ( General Electric ) has agreed to sell around 20 energy investments to Apollo Global Management for almost $1bn. Specifics of the deal—which includes debt—were not revealed, though it is expected to be completed by Q4 nine-year . The two companies have said they will work together in regards to possible future “energy infrastructure investments”. GE ’s share price fell to a 2018 low in 2018 and it has since replaced former chairman and CEO John Flannery with Lawrence Culp in the latter role.
Apollo Global Management ( General Electric ) has agreed to sell around 20 energy investments to Apollo Global Management for almost $1bn. Specifics of the deal—which includes debt—were not revealed, though it is expected to be completed by Q4 nine-year . The two companies have said they will work together in regards to possible future “energy infrastructure investments”. GE ’s share price fell to a 2018 low in 2018 and it has since replaced former chairman and CEO John Flannery with Lawrence Culp in the latter role.