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Acquisition · AI Demand · Energy Sector · Infrastructure Investment
A consortium of investors, including BlackRock's Global Infrastructure Partners and EQT, has agreed to acquire AES Corporation for $10.7 billion.
The deal, priced at $15 per share, represents a 40% premium over the 30-day average trading price before initial reports of a potential acquisition. Other consortium members include the California Public Employees' Retirement System and the Qatar Investment Authority.
The acquisition is driven by the increasing demand for power generation due to the energy needs of AI data centers. AES Chairman Jay Morse stated that the sale will provide necessary capital for expansion beyond 2027, avoiding potential dividend cuts or equity issuances.
The transaction is anticipated to conclude in late 2026 or early 2027.
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