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

The AES

01/10/2025 15:22

Updates

** Shares of utility AES AES.N up ~15% at $15.11, highest since November 2024

** 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

** Including session's moves, stock up 16.6% YTD

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))