GE sells energy investments to capital fund for USD one billion

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

by OLE ANDERSEN

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.

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