The AES Corp. (AES), a supplier of clean energy to corporations, on Monday entered into a definitive agreement to be acquired by a consortium led by Global Infrastructure Partners, part of BlackRock, Inc. (BLK), and EQT, alongside California Public Employees' Retirement System and Qatar Investment Authority, in an all-cash deal valued at $10.7 billion in equity, or about $33.4 billion including debt.
The transaction is expected to close in late 2026 or early 2027.
Shareholders will receive $15 per share in cash, reflecting a 40.3% premium to the 30-day volume-weighted average price prior to July 8, 2025.
The deal will give AES greater financial flexibility to fund growth beyond 2027, especially in its U.S. power generation and regulated utilities businesses.
AES Indiana and AES Ohio will continue to operate as locally managed regulated utilities, serving about 1.1 million customers, with no expected impact on rates.
The consortium will finance the full purchase price with equity and aims to maintain an investment-grade credit profile.
In the pre-market trading, 16.43% lesser at $14.45 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.