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BlackRock's GIP and EQT to buy AES Corp in $33.4 billion deal
The $33.4 billion acquisition by a BlackRock-led consortium offers AES improved capital access to support growth and maintain dividends, with a 40.3% premium on share price, consortium said.
- BlackRock's GIP and EQT will acquire AES Corp in a $33.4 billion deal, a 40.3% premium over the previous trading price.
- The transaction will allow AES to become a private company and benefit from enhanced financial flexibility to accelerate its growth strategy.
- AES' regulated utilities like AES Indiana and AES Ohio will continue operations and remain under regulatory oversight after the acquisition closes, expected in late 2026 or early 2027.
35 Articles
35 Articles
The US energy company AES, which in Chile owns the electric generator AES Andes, announced on Monday the signing of a definitive agreement for the purchase of the company by a consortium formed by Global Infrastructure Partners (from BlackRock), and EQT Infrastructure VI fund (EQT), together with the co-investors California Public Employees Retirement System (CalPERS) and Qatar Investment Authority (QIA).The acquisition will be made at a price o…
WFFT FOX 55 Fort Wayne
WLFI News 18AES Indiana’s parent company to go private in BlackRock-led $33B buy; Democrats decry
AES, the parent company of AES Indiana, announced on Monday that it has agreed to be purchased for more than $33 billion by a group of large domestic and foreign investors — and could go private as soon as this…
AES Indiana’s parent company to go private in BlackRock-led $33B deal
The acquisition "is not expected to impact customer rates," according to AES, but some are skeptical. (Photo by Ned Oliver/Virginia Mercury)AES, the parent company of AES Indiana, announced on Monday that it has agreed to be purchased in a $33 billion deal by a group of large domestic and foreign investors — and could go private as soon as this year. The news prompted alarm from some Hoosier leaders. The buyers include BlackRock subsidiary Globa…
A consortium led by the US BlackRock fund and the Swedish EQT announced this Monday that they will buy the US electricity and utilities company AES Corporation for US$10.7 billion. According to the statement of the operation, BlackRock will participate in the same one by the hand of Global Infrastructure Partners (GIP) and EQT through EQT Infrastructure VI Fund. Likewise, they will intervene the California civil servants pension fund (Calpers) a…
AES expected to turn private following purchase of company by consortium
INDIANAPOLIS -- A consortium has agreed to purchase AES Indiana and Ohio, according to a news release, transitioning the company to a private one. Officials said they believe this will provide the utility company with enhanced financial flexibility in the future. According to a news release, a consortium led by Global Infrastructure Partners and EQT [...]
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