Apollo Global to buy GE Capital's energy assets for $1b

Apollo Global to buy GE Capital's energy assets for $1b

The logo of U.S. conglomerate General Electric is pictured at the company's site in Belfort, June 23, 2014. REUTERS/Vincent Kessler

Apollo Global Management LLC agreed to acquire about $1 billion of equity investments in energy assets from a unit of General Electric Co, the latest move by the industrial firm to slim down its vast financial portfolio as it refocuses on industrial equipment.

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