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October 18, 2018

GE Capital sells $1B worth of energy investments to Apollo


GE Capital, the financial services arm of the Boston-based conglomerate, has agreed to sell roughly $1 billion worth of energy-sector investments to public equity giant Apollo Global Management LLC.

GE (NYSE: GE) did not disclose how much Apollo (NYSE: APO) was paying to acquire the portfolio of mostly equity investments in energy assets. According to GE, the portfolio includes “approximately 20 investments in renewable energy, contracted natural gas fired generation and midstream energy infrastructure.”

The…


Source: Boston Biz

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