The AES Corp., Global Infrastructure Partners (GIP), a part of BlackRock, and the EQT Infrastructure VI fund, along with co-underwriters California Public Employees' Retirement System (CalPERS) and Qatar Investment Authority (QIA) have announced they have entered into a definitive agreement under which the consortium will acquire AES for $15 per share in cash, representing a total equity value of $10.7 billion and an enterprise value of approximately $33.4 billion, including the assumption of existing debt. The transaction represents a 40.3 percent premium to the 30-day volume weighted average share price prior to July 8, 2025, the last full day of trading prior to the first media report of a potential acquisition.
This transaction will better position AES to drive long-term growth across its business units, including regulated electric utilities and competitive clean energy in the United States and critical energy infrastructure assets in Latin America. The consortium has de
