#None #AES Corporation #EQT Infrastructure #Global Infrastructure Partners

AES Corporation Successfully Secures Acquisition Approval

On June 26, 2026, The AES Corporation announced a significant milestone, as its stockholders overwhelmingly approved an acquisition proposal. This development comes in conjunction with Global Infrastructure Partners (GIP), a division of BlackRock, and EQT Infrastructure VI fund, along with notable co-underwriters including California Public Employees' Retirement System (CalPERS) and Qatar Investment Authority (QIA). The voting took place during the Company's recent stockholders' meeting, where an impressive 97.92% of votes were cast in favor of the transaction. This endorsement represents around 67.17% of the total outstanding shares.

The proposed acquisition entails GIP and EQT's consortium acquiring all outstanding common shares of AES at a price of $15.00 per share. The deal carries a hefty valuation, with a total equity value of approximately $10.7 billion and an enterprise value of around $33.4 billion, which includes the assumption of existing debt. This strategic move is seen as a critical step to ensure AES's robust growth in the energy sector, allowing the company to invest further in essential solutions and innovations.

Holly Koeppel, the Lead Independent Director of AES' Board, expressed her gratitude for the support shown by stockholders. "Today's vote reinforces our belief that this transaction significantly enhances value while positioning AES for its next stage of development. The expertise brought forth by the consortium will grant AES the flexibility to invest in critical energy solutions that our customers and communities are reliant upon," she stated. Koeppel reiterated the company’s commitment to partners and stakeholders in reaching future endeavors.

Andrés Gluski, Chairman and CEO of AES, highlighted the company’s differentiated platform that encompasses regulated utilities and clean energy solutions. He noted that with the stockholders' approval, AES aims to complete the remaining processes needed to finalize the acquisition and collaborate with the consortium to expand its capacity to deliver dependable and affordable energy.

The acquisition is poised to be completed by late 2026 or early 2027, although it remains subject to receipt of necessary federal, state, and foreign regulatory approvals, along with satisfying conventional closing conditions.

About AES Corporation

The AES Corporation operates in the Fortune 500 as a global energy powerhouse focused on accelerating the future of energy. They strive to improve lives through greener energy solutions that adhere to stakeholder commitments.

About Global Infrastructure Partners (GIP)

GIP is recognized as a premier infrastructure investor and part of BlackRock, with a diverse portfolio across sectors such as energy, transport, and digital infrastructure. Their extensive operational knowledge and asset management approach underpin a commitment to responsible investment and community economic developments.

About EQT

EQT presents itself as a worldwide investment organization that aims for sustainability, boasting a robust asset under management portfolio. Their business focuses on private capital and real asset investments to stimulate growth and operational excellence.

About CalPERS

CalPERS stands as the foremost defined benefit public pension fund in the U.S., committed to offering enhanced retirement benefits while managing risk through a diversified investment portfolio.

About QIA

The Qatar Investment Authority (QIA) operates as the sovereign wealth fund of Qatar. Founded in 2005, it invests in a variety of asset classes globally, cultivating economic growth and long-term sustainability for the State of Qatar.

This acquisition marks a new chapter for AES and its consortium partners, placing them on an accelerated path to innovate and enhance energy solutions. The alignment of these organizations reflects a shared vision to address both immediate and long-term energy demands, shaping the future landscape of the energy sector.