Finance
BlackRock's GIP, EQT close to acquiring AES Corp, Bloomberg News reports
Published by Global Banking & Finance Review®
Posted on February 27, 2026
1 min readLast updated: February 27, 2026
Quick Summary
BlackRock-owned Global Infrastructure Partners and EQT are in advanced talks to buy U.S. utility AES, a deal Bloomberg says could be announced as soon as next week. AES also shifted its Q4/full-year 2025 results call to March 3, adding to near-term focus on the stock amid AI/data-center-driven power
BlackRock’s GIP and EQT in advanced talks to acquire AES Corp
Deal talks and market reaction
Report details
Feb 27 (Reuters) - BlackRock-owned Global Infrastructure Partners and equity firm EQT AB are in advanced talks to acquire U.S.-based utility AES Corp, Bloomberg News reported on Friday, citing people familiar with the matter.
Shares and valuation
AES shares rose 6.7% in morning trading. The market value of AES stands at around $11.57 billion.
Announcement timeline
The deal could be announced as soon as next week, the report said, adding that the final agreement has not been reached and details including the valuation and timing could still change.
Company responses
EQT AB declined to comment on the potential acquisition, when contacted by Reuters. GIP and AES did not immediately respond.
Industry context
Data-center demand and grid strain
With data-center demand straining electrical grids and lifting long-term power needs, investors are racing to secure large, reliable generation portfolios.
Upcoming earnings update
AES on Friday rescheduled its fourth quarter and full-year earnings for March 3.
(Reporting by Pooja Menon in Bengaluru; Editing by Shailesh Kuber)
Key Takeaways
- •Deal talks: Bloomberg reports GIP (part of BlackRock) and EQT are in advanced discussions for AES, but terms and timing remain fluid and no final agreement is in place. (news.bloomberglaw.com)
- •Why it matters: Rising data-center electricity needs are pushing investors toward “scale” generation and grid-adjacent assets, supporting strategic interest in established U.S. power and renewables platforms like AES. (aes.com)
- •Valuation context: AES’s equity value is around the low-$11B range based on late-February market-cap snapshots, consistent with the ~$11.6B figure cited in the report. (tradingeconomics.com)
References
Frequently Asked Questions about BlackRock's GIP, EQT close to acquiring AES Corp, Bloomberg News reports
1Who is reported to be in talks to acquire AES Corp?
BlackRock-owned Global Infrastructure Partners and equity firm EQT AB are reported to be in advanced talks to acquire AES Corp.
2How did AES shares move after the report?
AES shares rose 6.7% in morning trading after the report.
3What is AES Corp’s market value cited in the report?
The report cited AES Corp’s market value at around $11.57 billion.
4When could the deal be announced, according to the report?
The report said the deal could be announced as soon as next week, though no final agreement has been reached.
5When did AES reschedule its fourth quarter and full-year earnings to?
AES rescheduled its fourth quarter and full-year earnings for March 3.
