General Electric (GE) 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 2018. The two companies have said they will work together in regards to possible future “energy infrastructure investments”. Details of the sale were not disclosed; the deal is expected to close in the fourth quarter of this year. In a statement, GE said: “We are pleased that we can now bring our expertise and experience as an industrial company with deep roots into this new phase of GE’s growth.
General Electric (GE) 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 2018. The two companies have said they will work together in regards to possible future “energy infrastructure investments”. In a statement, GE said: “We are pleased that we can now bring our expertise and experience as an industrial company with deep roots into this new phase of GE’s growth.