BlackRock's GIP nears $38 billion takeover of utility group AES, FT reports

Reuters
2025.10.01 01:40
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BlackRock's Global Infrastructure Partners (GIP) is reportedly close to a $38 billion acquisition of utility group AES, according to the Financial Times. While GIP declined to comment, AES has shown significant growth in its renewables sector, driven by a global shift towards cleaner energy. However, negotiations are still ongoing and may not result in a finalized deal.