GE sells renewables investments to alternatives manager for USD 1 billion

American industry giant General Electric is selling its renewable energy portfolio for USD 1 billion to Apollo Global Management.

by OLE ANDERSEN

US industrial group General Electric (GE) has sold a portfolio worth approximately USD 1 billion, including debt investments in renewable energy, to alternative assets firm Apollo Global Management. It marks the first large, rapidly-forged deal made under new CEO H. Lawrence Culp who stepped into the top role at GE a few days ago.

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GE sells renewables investments to alternatives manager for USD 1 billion

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Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

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Swedish FSA fines church pension fund for failing to limit investment risks

Danish pension fund drops drilling platform investments

Expansion of Nordic team has paid off: Inflows to all core products for US manager

Further reading

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Expansion of Nordic team has paid off: Inflows to all core products for US manager