Overview
- A consortium led by Global Infrastructure Partners (part of BlackRock) and EQT Infrastructure agreed to buy AES for $15.00 per share in cash.
- The offer values AES at about $10.7 billion in equity and roughly $33.4 billion on an enterprise basis including assumed debt.
- Co-investors in the buyer group include the California Public Employees’ Retirement System and the Qatar Investment Authority.
- AES will be taken private and its stock will be delisted from the New York Stock Exchange once the transaction closes.
- AES Indiana and AES Ohio will continue operating as regulated utilities, with no customer rate impacts expected, and the deal comes as power-sector acquisitions accelerate to secure reliable generation.