AES gains after report GIP nearing $38 billion takeover of co

The AES

01/10/2025 10:50

** Shares of utility AES AES.N up 13% at $14.88 premarket

** Company is nearing $38 billion deal to be acquired by BlackRock-owned BLK.N Global Infrastructure Partners (GIP) for $38 billion, Financial Times reported on Tuesday

** Talks between GIP and AES were at advanced stage, although they could still fall through, report said

** AES declined to comment, while GIP did not immediately respond to Reuters' request for comment

** As of last close, stock up 2.25% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))