AES Corp plunges after BlackRock consortium agrees to buy co in $33.4 billion deal

MP Materials

02/03/2026 12:14

** Shares of AES Corp AES.N down 17.5% at $14.25 premarket

** Consortium led by BlackRock BLK.N owned Global Infrastructure Partners and equity firm EQT AB EQTAB.ST agree to acquire AES in $33.4 billion deal, including debt

** The consortium will acquire AES for $15.00 per share in cash, representing a total equity value of $10.7 billion

** Transaction expected to close in late 2026 or early 2027

** Shares of AES up 20.5% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))