BlackRock and EQT to Acquire AES Corp. for $33.4 Billion
BlackRock's Global Infrastructure Partners and EQT Corp. will acquire AES Corp. for $15 per share, totaling $33.4 billion. The deal includes a 40% premium on AES shares and $10.7 billion in debt assumption. AES will maintain operations as a utility under regulatory oversight in Ohio and Indiana.
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BlackRock's Global Infrastructure Partners and EQT Corp. have agreed to acquire AES Corp. for $15 per share, resulting in an enterprise value of approximately $33.4 billion. This transaction, which includes major pension and investment funds, provides a ~40% premium for AES shares and assumes $10.7 billion in debt.
AES will continue as a regulated utility in Ohio and Indiana. This acquisition follows other significant transactions in the utility sector, including Constellation Energy's $26.6 billion purchase of Calpine and NRG Energy's $12-$13 billion acquisition of a natural gas portfolio.
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