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

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.