BlackRock-backed Global Infrastructure Partners (GIP) is on the verge of securing a $38 billion acquisition deal with utility giant AES, per reports from the Financial Times. Sources privy to the proceedings have disclosed ongoing advanced negotiations.

While GIP refrained from commenting on the report, both AES and GIP have also remained silent when prompted for responses beyond standard operational hours. This leaves room for speculation regarding the consummation of the potential transaction.

AES has shown strong performance, especially in its renewables division, which aligns with a worldwide surge in demand for cleaner energy amid soaring projections in U.S. power usage. However, the possibility of talks faltering remains.

See Full Page