Apollo (APO) Commits 3.2B to RWE Partnership on German Grid

Apollo Global Management, Inc. (NYSE:APO) is one of the best dividend stocks to buy. On September 8, Apollo Global mentioned that its managed funds will invest €3.2 billion into a joint venture with RWE, the country’s largest energy producer. This venture will involve RWE’s 25.1% ownership in Amprion, the transmission operator catering to nearly 29 million people in seven German federal regions.

RWE will retain control over the joint venture, which will deliver equity financing to help Amprion’s long-term grid development program. This setup allows RWE to prioritize its primary electricity production and trading operations while strengthening its green energy portfolio.

Apollo Partner Jamshid Ehsani stated that the collaboration with RWE will offer financing for major grid development in Germany to ensure energy for homes and industries. He also mentioned that Apollo aims to ramp up its European investments, especially in Germany, France, Italy, and the UK.

Since 2020, Apollo Global Management, Inc. (NYSE:APO) has managed over $100 billion in funding initiatives, supporting European companies like EDF, BP, Vonovia, Air France-KLM, and AB InBev. The firm also highlighted its aim to pour more than $100 billion into Germany over the next ten years.

The deal still needs regulatory approval and is expected to wrap up in Q4 2025.

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