GIP and EQT-led consortium agrees to acquire AES

BlackRock's GIP, EQT Infrastructure VI and co-underwriters CalPERS and QIA agreed to acquire AES. The announcement reported $15 per share in cash, a $10.7 billion equity value and approximately $33.4 billion enterprise value including existing debt. These are consortium transaction measures, not BlackRock's individual ticket. The March 2 release expected closing in late 2026 or early 2027, subject to shareholder and regulatory approvals; no completion is asserted.