News Digest / Latest Stock Market News / Apollo Global Management and BP Forge $1 Billion Partnership to Boost Europe's Energy Future

Apollo Global Management and BP Forge $1 Billion Partnership to Boost Europe's Energy Future

Alex Vellor

04:35am, Monday, Sep 16, 2024

APO

-3.40%

-1.13%

Photo: Envato.com

According to Reuters, Apollo Global Management (NYSE: APO) has signed a $1 billion deal with British energy giant BP Plc (NYSE: BP), to fund its stake in the Trans Adriatic natural gas pipeline, the companies announced on September 16, 2024.

This deal highlights Apollo's ongoing commitment to expanding its investment portfolio within the energy sector, particularly in ventures that promise stability and potential growth. The TAP, which is seen as a vital component in diversifying Europe’s energy supply, not only enhances energy security but also aligns with global efforts to transition towards greener energy alternatives.

About The Author

Alex Vellor

Read Next in Latest Stock Market News

09:27am, Tuesday, Jun 23, 2026

SpaceX Shares Drop on Bond Deal, Insider Lockup Fears, and Tech Sector Weakness

09:16am, Tuesday, Jun 23, 2026

JPMorgan Sees Untapped Potential in IBM's Software Segment, Upgrades Stock

08:34am, Tuesday, Jun 23, 2026

Wall Street Analysts Shake Up Ratings on Tesla, IBM, Nvidia, SpaceX & More This Tuesday

07:41am, Tuesday, Jun 23, 2026

UBS Downgrades Epiroc to Sell, Highlights 17% Potential Drop Amid Stretched Valuation

View All News

Trusted Broker

Start Your Journey With:

0% Commission Stock Trading

Follow Other Investors Strategy

Wide variety: Crypto, stocks, ETFs

Open eToro Broker Account

Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.