US EditionBlackRock's GIP in talks to buy power company AES, sources say
BlackRock's $38 billion bid for AES aims to leverage rising power needs from AI growth, marking one of the largest infrastructure deals ever, experts say.
- On Wednesday, BlackRock's Global Infrastructure Partners was reported to be nearing a $38 billion acquisition of AES, a deal that could rank among the largest infrastructure takeovers in history, according to FT and Reuters.
- Demand from data centers and generative AI spending is driving investor interest in utilities like AES, which owns and operates power plants supporting the surge in power demand.
- AES's balance sheet and scale underline the transaction's size, with around $29 billion debt, a $10.94 billion market cap, more than 36,000 megawatts generation and renewables growth over the past year.
- BlackRock stands to gain strategic scale in high-growth infrastructure if the acquisition closes, though sources said a transaction could be announced in the coming weeks and talks may still fail.
- BlackRock's prior $12.5 billion purchase of GIP last year added $100 billion to its client assets, while Larry Fink projected $68 trillion in infrastructure demand by 2040.
12 Articles
12 Articles
BlackRock's GIP in talks to buy power company AES, sources say
BlackRock-owned Global Infrastructure Partners is in advanced talks to buy utility group AES , people familiar with the matter said on Wednesday, a deal that could be one of the largest ever involving a U.S.-listed power company.
Why AES Stock Is Soaring Today @themotleyfool #stocks $AES $BLK
Key PointsMedia reports say BlackRock wants to buy utility company AES.The reported buyout valuation is $38 billion including debt -- and could be even more.10 stocks we like better than The AES Corporation › The AES Corporation (NYSE: AES) stock surged Wednesday morning on reports a unit of private equity powerhouse BlackRock (NYSE: BLK) intends to acquire the electricity utility -- and pay $38 billion for the privilege. AES stock rose 13.7% th…
BlackRock’s GIP Eyes Major Acquisition with AES Utility Deal
BlackRock’s GIP Eyes Major Acquisition with AES Utility Deal BlackRock's Global Infrastructure Partners (GIP) is reportedly on the brink of finalizing a $38 billion acquisition of utility group AES, a move expected to bolster its portfolio amidst an upsurge in demand for power driven by artificial intelligence and data centers.The Financial Times reported that shares of AES experienced a significant rise, gaining over 16% following news of the p…
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