BlackRock, EQT To Acquire AES Corp. in $33.4B Deal

Summary

A consortium led by BlackRock’s Global Infrastructure Partners (GIP) and U.S. gas giant EQT Corp. (NYSE:EQT) have agreed to acquire global power utility, AES Corp. (NYSE:AES), for $15 per share in cash, totaling an enterprise value of approximately $33.4 billion. The deal, which includes major pension and investment funds, represents a ~40% premium for AES shares and includes the assumption of debt with a cash equity value of $10.7 billion. AES will continue to operate as a utility, with...

Recent Coverage

• BlackRock, EQT to acquire AES Corp. in $33.4B deal

  Oil and Gas 360 • Mar 2

• BlackRock, EQT To Acquire AES Corp. in $33.4B Deal

  OilPrice.com • Mar 2

• BlackRock, EQT-led group seals $33.4 billion AES deal in bet on AI power boom

  Reuters Energy • Mar 2