Apollo Funds to Invest $6.5 Billion for 50% Stake in Orsted's Hornsea 3 Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 03 2025
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Should l Buy APO?
Investment Announcement: Apollo-managed funds will invest $6.5 billion for a 50% stake in Orsted's Hornsea 3, the world's largest offshore wind project.
Project Details: Hornsea 3 will have a capacity of 2.9GW, enough to power over 3 million UK households, with Orsted managing construction and maintenance.
Strategic Importance: The investment aims to enhance energy security and support the UK's net zero goals, as stated by Apollo Infrastructure Partner Adam Petrie.
Orsted's Role: Orsted, a leader in offshore wind power, will continue to oversee the project under a full-scope EPC contract, ensuring long-term operations and market access for generated power.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 111.420
Low
136.00
Averages
164.45
High
182.00
Current: 111.420
Low
136.00
Averages
164.45
High
182.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Asset Management Scale: Gatehouse Living Group manages over 10,000 homes and has acquired more than 5,000 homes from major UK housebuilders, demonstrating its strong market presence and resource integration capabilities.
- Management Team Continuity: Post-acquisition, Gatehouse Living Group will continue to be led by CEO Paul Stockwell and the current management team, ensuring business continuity and stability while laying the groundwork for future rebranding efforts.
- Market Reaction: In pre-market trading on the New York Stock Exchange, Apollo Global Management's stock rose by 1.06% to $112.60, reflecting positive market sentiment regarding the acquisition and recognition of the company's future growth potential.
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- Share Buyback Plan: Intel announced it will repurchase its 49% stake in the Fab 34 chip facility in Ireland for $14.2 billion, enhancing its control in chip manufacturing and expected to boost its market competitiveness.
- Increased Financial Flexibility: Intel's CFO stated that this buyback is based on the 2024 agreement with Apollo Global Management, and post-repurchase, the company will have a stronger balance sheet and financial discipline, enabling acceleration of critical initiatives.
- Market Demand Recovery: With the resurgence in demand for central processing units (CPUs), Intel's Fab 34 in Ireland will continue to produce PC and server CPUs, despite its technology nodes being less advanced than the 18A nodes in Arizona, it still meets market needs.
- Strategic Transformation Signal: This buyback signifies Intel's regained market confidence after significant investments and strategic adjustments, highlighting the company's emphasis on CPUs in the AI era, which is expected to drive future growth.
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- Share Repurchase Plan: Intel announced a $14.2 billion repurchase of its 49% stake in the Fab 34 manufacturing facility in Ireland, which solidifies its position in the CPU market during the AI era, leading to a 9% stock price increase on Wednesday.
- Capital Operation Context: In 2024, Intel sold this stake to Apollo Global Management for $11.2 billion to raise capital, and the current repurchase indicates an improvement in the company's financial health and strategic evolution.
- Strategic Restructuring Signal: Intel CFO David Zinsers stated that this repurchase signifies the company's return to solid footing, demonstrating enhanced financial flexibility after a $100 billion investment in U.S. chip manufacturing.
- Market Competitive Advantage: With Intel's Arizona chip factory now operational and producing the Core Ultra series processors, the completion of this repurchase agreement further strengthens its competitiveness in the global semiconductor market, especially as AI technology becomes increasingly vital.
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- Transaction Overview: Intel is repurchasing a 49% equity interest in a joint venture related to its Fab 34 facility in Ireland from Apollo for $14.2 billion, a move that not only enhances the company's financial flexibility but also provides funding support for advancing its strategic priorities.
- Funding Sources and Debt Management: The repurchase is expected to be financed through cash on hand and the issuance of approximately $6.5 billion in new debt, with Intel planning to gradually retire debt maturities due in 2026 and 2027, thereby improving its credit profile.
- Strategic Investment and Technology Development: Intel stated that this transaction will accelerate the buildout of advanced processes like Intel 4 and Intel 3 manufactured in Europe, as well as the development of Intel 18A in the U.S., demonstrating the company's ongoing commitment to investment in the semiconductor sector.
- Financial Performance Expectations: Intel anticipates that this transaction will be accretive to ongoing EPS and will further strengthen the company's credit profile in 2027 and beyond, reflecting successful adjustments in its capital structure.
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- Equity Buyback: The deal involves Intel repurchasing a 49% equity stake in the joint venture related to its Fab 34 in Ireland, which will strengthen its control and flexibility in semiconductor manufacturing.
- Positive Market Reaction: Following the announcement, Intel's shares rose over 2% in pre-market trading on Wednesday, indicating investor optimism regarding the company's future growth potential.
- Neutral Investor Sentiment: Despite Intel trending on Stocktwits, retail sentiment around the stock remained in neutral territory, suggesting a cautious market response to the deal.
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- Legal Investigation Launched: Faruq & Faruqi is investigating potential securities fraud claims against Apollo Global Management (NYSE: APO), urging investors to apply for lead plaintiff status by May 1, 2026, highlighting serious concerns about the company's reputation.
- Reputation Damage: The exposure of connections between Apollo executives and Jeffrey Epstein has significantly harmed the company's reputation, with stock prices dropping 5.7% over two days from $132.84 to $126.85, reflecting market concerns over corporate governance.
- Market Reaction: Following CNN's report on Apollo's ties to Epstein, the stock fell approximately 5% to close at $113.73, indicating a decline in investor confidence regarding the company's transparency and compliance.
- Investor Rights Reminder: Faruq & Faruqi encourages all affected investors to contact them for information or to participate in the lawsuit, emphasizing the potential compensation opportunities in class action litigation, which reflects a commitment to protecting investor rights.
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