GIP and EQT-led consortium agrees to acquire AES

AES agreed to be acquired by a consortium led by Global Infrastructure Partners and EQT Infrastructure VI, with CalPERS and Qatar Investment Authority as co-underwriters. Shareholders would receive $15 per share in cash. The release described approximately $33.4 billion enterprise value including debt. Wells Fargo advised AES and provided a fairness opinion; it was not identified as an acquiring equity investor.