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 ...