AES Draws $10.7 Billion Buyout from BlackRock’s GIP and EQT

BlackRock’s Global Infrastructure Partners and EQT AB have agreed to acquire The AES Corporation for $10.7 billion in a cash deal, valuing the company at about $33.4 billion enterprise value. This acquisition is driven by the increasing demand for power producers to supply energy-intensive AI data centers and provides AES with greater financial flexibility to expand its power projects. The transaction, advised by JPMorgan Chase, Wells Fargo, Goldman Sachs, and Citigroup, is expected to close in early 2027.

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