Apollo Commits €3.2 Billion to RWE Joint Venture Supporting the German Transmission Grid

RWE and Apollo Global Management to Establish Joint Venture

Apollo commits €3.2 billion of equity to newly established JV with RWE (APO:NYSE)

Discover how Apollo and RWE's €3.2B joint venture supports Amprion’s grid expansion, offering reliable returns.

Apollo Commits €3.2 Billion to RWE Joint Venture Supporting the German Transmission Grid

Investment will help fund long-term growth capex for grid expansion...

Apollo Invests $3.8 Billion in RWE JV to Expand German Power Grid

Global alternative investment manager Apollo and German power producer RWE announced today the launch of a new joint venture, which will see Apollo committing €3.2 billion (USD$3.8 billion) to fund investments in expanding the transmission grid in Germany. The new JV, to be operationally controlled by RWE, will hold and fund RWE’s 25.1% stake in […]

Joint venture to fund Amprion’s German grid expansion with €3.2bn

Image courtesy 123rf A newly established joint venture between alternative asset manager Apollo and energy company RWE will fund the latter’s stake in Amprion to support their investment programme for grid expansion in Germany. Under the agreement, Apollo, on behalf of its managed funds and entities, will pay the €3.2 billion ($3.8 billion) to RWE in exchange for an equity stake in the newly established joint venture (JV). This JV will hold RWE’…