BlackRock and EQT to Acquire AES for $33.4 Billion in Take-Private Deal

Key Facts

1A consortium including BlackRock (via GIP) and EQT agreed to acquire The AES Corporation for $33.4 billion.

2The acquisition price is set at $15.00 per share to take the company private.

3The deal aims to fund massive investments in clean energy and AI data center infrastructure.

A consortium led by BlackRock (through Global Infrastructure Partners) and EQT Infrastructure has agreed to acquire The AES Corporation in a deal valued at $33.4 billion. Under the terms of the agreement, shareholders will receive $15.00 per share in cash, transitioning the utility giant into a private entity. The acquisition is strategically designed to secure the massive capital required for AES’s expansion into clean energy and AI-driven data center infrastructure. By taking the company private, the consortium aims to shield AES from public market volatility while accelerating its energy transition initiatives. This transaction underscores the growing private equity appetite for utility assets linked to the AI boom. The deal represents a significant premium and highlights the critical role of power infrastructure in the modern digital economy.