BlackRock GIP and EQT Near Deal to Acquire Utility AES Corp
Global Infrastructure Partners and EQT AB are reportedly close to a deal to buy U.S. utility AES Corp. The potential acquisition was reported this Friday.
Investment giants are moving closer to a significant deal in the energy sector. BlackRock, Inc. and its Global Infrastructure Partners division, alongside the private equity firm EQT AB, are in advanced talks to acquire The AES Corporation. The potential transaction would see the two firms take control of the United States-based utility provider. Bloomberg News reported the development on Friday, citing sources with knowledge of the matter. While the deal appears to be nearing completion, the specific financial terms and the exact timeline for an official announcement have not yet been disclosed. The AES Corporation, headquartered in Virginia, operates a diverse portfolio of power generation and distribution assets globally. The interest from BlackRock and EQT highlights the continued appetite for infrastructure and utility assets among major global investment firms.
