Overview
- The consortium includes Global Infrastructure Partners, part of BlackRock, alongside the EQT Infrastructure VI fund with co-investors CalPERS and the Qatar Investment Authority.
- AES said its regulated utilities in Indiana and Ohio will remain locally managed under existing oversight with no expected impact on customer rates.
- Shares fell 17.8% to $14.21 after the announcement, reflecting that the $15 offer sat about 13% below the prior closing price.
- AES’s board unanimously approved the sale following a strategic review, citing significant capital needs beyond 2027 and warning that, without a deal, measures like a dividend cut or new equity could be required.
- Upon completion, AES will be taken private and delisted from the NYSE, with shareholder and federal‑state regulatory reviews to determine the final timeline.