General Electric ( GE ) has agreed to sell around 20 energy investments to Apollo Global Management for almost $ 1bn . GE currently has an installed base of 7,000 turbines underpinning a contractual services business. details of the deal — which the company — 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 ” . GE ’s share price fell to a nine - year low in 2016 and it has since replaced former chairman and CEO John Flannery with Lawrence Culp in the latter role .
General Electric ( GE ) has agreed to sell around 20 energy investments to Apollo Global Management for almost $ 1bn . details of the deal — which the company — 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 ” . GE ’s share price fell to a nine - year low in 2016 and it has since replaced former chairman and CEO John Flannery with Lawrence Culp in the latter role .