AES Stockholders Approve Acquisition Led by GIP and EQT

Key Facts

1AES stockholders voted to approve the acquisition by a consortium including Global Infrastructure Partners (BlackRock), EQT Infrastructure VI, CalPERS, and QIA.

In a move that clears the path for a major energy deal, AES Corporation stockholders voted to approve the acquisition by a consortium comprising Global Infrastructure Partners (GIP), part of BlackRock, EQT Infrastructure VI, CalPERS, and the Qatar Investment Authority (QIA), according to reports. The vote was a required condition under the merger agreement and represents shareholder consent for the change of ownership.

The vote follows the consortium's earlier announcement of the acquisition offer; the deal now awaits regulatory clearances. Per market data, AES stock closed at $14.66 on June 25, near its 52-week low, reflecting trading below the expected deal value amid broader market developments.

With the shareholder approval hurdle cleared, investors now focus on final regulatory approvals. If completed, AES will become a privately held company under consortium ownership, potentially reducing the impact of interest rate fluctuations on its shares. No major calendar events directly related to the deal are scheduled in the coming two weeks.