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BlackRock’s GIP in Talks to Acquire U.S. Power Company AES

Sources indicate BlackRock subsidiary Global Infrastructure Partners is negotiating a potential acquisition of AES, a U.S.-based power producer.

Summary

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Terms & Concepts
  • Acquisition: A corporate action in which one company purchases most or all of another company's shares to gain control.
  • Global Infrastructure Partners (GIP): An infrastructure investment fund owned by BlackRock, specializing in energy, transport, and utilities sectors.
  • AES Corporation: A U.S.-based power company involved in the generation and distribution of electricity.