AES stock price rises due to reports of acquisition negotiations with GIP and EQT

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Investing.com – AES Corp. (NYSE:AES) stock rose 5% on Friday, after Bloomberg reported that Global Infrastructure Partners and EQT are in advanced talks to acquire the utility company.

According to sources familiar with the matter, the deal could be announced as soon as next week. No final agreement has been reached, and details such as valuation and timing are still subject to change.

AES’s stock has increased over 55% in the past 12 months, giving the company a market value of approximately $11.6 billion. Global Infrastructure Partners is owned by BlackRock (NYSE:BLK).

The company moved its full-year earnings release to March 3 on Friday. Representatives from the companies declined to comment or did not respond immediately to requests for comment.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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