From Investor's Business Daily via MSN, February 3:
BlackRock Acquisition Chatter Sends This Stock Towards A Breakout
AES (AES) stock surged before Tuesday's stock market open, on pace for a breakout, on reports of an effort by BlackRock-owned Global Infrastructure Partners and Swedish investment firm EQT AB to acquire the utility group.
Bloomberg reported after Monday's stock market close that BlackRock's infrastructure investment fund GIP is teaming up with EQT AB as it looks to takeover Virginia-based AES. The article cites people familiar with the matter and reports that the two investment firms may reach a deal over the coming weeks.
AES is a global power company operating in 15 countries, with a generation portfolio exceeding 32 gigawatts. The company's energy mix includes 50% renewable energy, 32% gas, 16% coal, and 2% oil. AES holds majority ownership and operates six electric utilities.
In October 2025, reports emerged that BlackRock GIP was in the advanced stages of discussions to acquire AES in a deal estimated at $38 billion.
AES stock rallied on July 9, 2025 on initial news of its plans to explore strategic options, including a potential sale.
BlackRock (BLK) acquired GIP in 2024 for about $12.5 billion in cash and common stock. At the time, GIP had $170 billion in assets under management, with a portfolio of 300 active investments in over 100 countries....
....MUCH MORE
AES is trading up 6.38% at $15.68.
Previously:
October 2025 - Private Equity: BlackRock's Global Infrastructure Partners Close To $38 Billion Takeover Of Major Utility AES
As noted in January 2024 when BLK bought GIP:
I'm telling ya, this is a big deal. Not just for the $12.5 billion purchase price but for the $100+ billion in assets that GIP manages.
January 2024: BlackRock Goes Large-by-Large In Infrastructure (BLK)"
January 2024: "Investors look set to pour cash into infrastructure following BlackRock acquisition" (BLK)
February 2024 - The Infrastructure Theme Is For Real (PWR)
October 2025 - Private Equity: "Regulators approve disputed $6.2B takeover of Minnesota Power by investment group" (BLK)
One more self-reverential referential snippet, this time from May 2025's "Infrastructure: Blackstone Is Buying An Electric Utility (BX; TXNM)"
This
is something we will see more of, private equity in regulated
utilities. It's hard to asset-strip the darn things due to said
regulators but boy-oh-boy do they cash flow. Just ask Warren Buffet....
