Market Chatter: BlackRock's Global Infrastructure Partners, EQT Working on Joint Bid for AES

MT Newswires Live02-03 18:22

BlackRock's (BLK) Global Infrastructure Partners and EQT AB are working together on a bid to acquire AES (AES), potentially announcing their agreement to buy the power company in the coming weeks, Bloomberg reported Monday, citing sources familiar with the matter.

No financial details were disclosed, but Bloomberg estimates that AES is worth about $43 billion, including debt. Sources told Bloomberg that there is no guarantee that a bid will push through.

EQT, AES, BlackRock, and Global Infrastructure Partners did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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