Buyout firm Apollo to acquire stake in energy storage operator Broad Reach - NewsBreak
By Merima in Business
Updated 2 years ago
NEW YORK, Nov 22 (Reuters) - Apollo Global Management (APO.N) has agreed to buy a 50% stake in Broad Reach Power from its existing owners, the parties said, a deal which will result in up to $400 million of capital being invested in the U.S. energy storage and renewables company to fund expansion.
