- AES Corp.
- 02 March 2026 16:49:45
Source: Sharecast
The deal, which values AES at $15 per share, represents a 40.3% premium to the company's 30-day average prior to 8 July 2025 when acquisition rumours first started.
However, it comes at a major discount to the $17.28 closing price for the stock on Friday following a strong jump in the shares since last summer.
News of the deal led to a 17.3% drop in the stock on Monday morning to $14.29 by 1639 GMT.
According to the consortium, AES will have "increased financial flexibility as a private company".
The price tag includes the assumption of around $22.7bn of AES's debt, giving AES an enterprise value of $33.4bn.
"Acquisition to address AES’ significant need for capital to support its growth beyond 2027; absent this transaction, funding for future growth investments would likely require a reduction or elimination of the dividend and/or significant new equity issuances," a statement by GIP said.
Jay Morse, AES chairman, said the board determined that the consortium's offer "maximises value for stockholders and provides compelling cash value".
He added: "We ran a robust process that included several parties and evaluated the transaction with the Company’s standalone prospects in mind. AES has a significant need for capital to support growth beyond 2027, particularly given the significant new investments in both US generation and utilities businesses."