US industry group General Electric (GE) has sold a portfolio of a total value of approximately USD one billion, including debt in investments in renewable energy, to capital fund Apollo Global Management. It marks the first large, rapid deal made under new CEO H. Lawrence Culp who stepped into the role a few days ago after successor John Flannery who only spent one year in the job.
According to CNN, the portfolio consists of approximately 20 investments in renewable energy and natural gas as well as infrastructure in the oil and gas industry and investments in GE Capital's Energy Financial Services business unit which invests and finances customers within fields including renewable energy.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for EnergyWatch has now started
With your free trial you get:
Full access to all locked articles on EnergyWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.