In today’s briefing:
- AES Might Be Going Private: What Blackrock’s GIP Sees In The Power Giant!
AES Might Be Going Private: What Blackrock’s GIP Sees In The Power Giant!
- Global Infrastructure Partners (GIP), a unit of BlackRock, is reportedly closing in on a $38 billion deal to acquire AES Corporation, one of the largest utility and renewable infrastructure companies in the world.
- According to Financial Times, this would be among the biggest infrastructure transactions to date, valuing AES at an enterprise level that includes $29 billion in debt and $9.4 billion in market capitalization.
- Shares of AES surged more than 14% in pre-market trading following the report, although the company has been under pressure, with its stock declining over 30% in the past year.
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