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BlackRock's GIP Eyes $38 Billion AES Acquisition

10/1/2025

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Summary

Story summary

Global Infrastructure Partners (GIP), owned by BlackRock, is in advanced talks to acquire AES for over $38 billion, including debt.
AES shares rose over 15% to about $15.15.
AES carries about $29 billion in debt and has a roughly $9.4 billion market cap.
The deal could close soon, but there is no guarantee.

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Story summary

Global Infrastructure Partners (GIP), owned by BlackRock, is in advanced talks to acquire AES for over $38 billion, including debt.
AES shares rose over 15% to about $15.15.
AES carries about $29 billion in debt and has a roughly $9.4 billion market cap.
The deal could close soon, but there is no guarantee.