Published by Global Banking & Finance Review®
Posted on February 27, 2026
1 min readLast updated: April 2, 2026
Add as preferred source on GoogleBlackRock-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
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.
AES shares rose 6.7% in morning trading. The market value of AES stands at around $11.57 billion.
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.
EQT AB declined to comment on the potential acquisition, when contacted by Reuters. GIP and AES did not immediately respond.
With data-center demand straining electrical grids and lifting long-term power needs, investors are racing to secure large, reliable generation portfolios.
AES on Friday rescheduled its fourth quarter and full-year earnings for March 3.
(Reporting by Pooja Menon in Bengaluru; Editing by Shailesh Kuber)
BlackRock-owned Global Infrastructure Partners and equity firm EQT AB are reported to be in advanced talks to acquire AES Corp.
AES shares rose 6.7% in morning trading after the report.
The report cited AES Corp’s market value at around $11.57 billion.
The report said the deal could be announced as soon as next week, though no final agreement has been reached.
AES rescheduled its fourth quarter and full-year earnings for March 3.
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