Apollo Global Management has agreed to invest up to £4.5 billion in EDF's fixed-rate callable notes to finance key projects, including the Hinkley Point C nuclear power station in the UK.

Target Information

Apollo Global Management, a leading global alternative asset manager, has announced its agreement to invest up to £4.5 billion in fixed-rate callable notes issued by Électricité de France (EDF). This investment is part of EDF's €50 billion Euro Medium Term Note (EMTN) program, with the proceeds primarily designated for financing key projects in the United Kingdom, particularly the Hinkley Point C nuclear power station. This transaction marks one of the largest issuances of sterling-denominated notes on record.

Industry Overview in the United Kingdom

The energy sector in the United Kingdom is undergoing significant transformation as the country pivots towards renewable energy sources and strives to enhance energy security. The UK government has set ambitious targets for transitioning to low carbon energy systems and aims to achieve net-zero emissions by 2050. Nuclear energy continues to play a critical role in the UK's energy mix, providing a stable and low-carbon electricity supply while supporting the country's energy independence.

In recent years, major investments in nuclear infrastructure, such as the Hinkley Point C project, have underscored the government's commitment to maintaining nuclear as an essential