Consortium led by GIP and EQT to acquire AES for $15.00/share in cash, ~$10.7B equity value

AES CORP

AES stockholders to receive $15.00 per share in cash, a 40.3% premium to 30-day VWAP before media report.
Total equity value ~$10.7B, enterprise value ~$33.4B including debt assumption.
Acquisition expected to close late 2026 or early 2027, subject to stockholder and regulatory approvals.
Consortium includes GIP (BlackRock), EQT, CalPERS, and QIA.
Ricardo Falú appointed President; Juan Ignacio Rubiolo appointed COO; Gluski remains CEO only.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AES CORP entered into Agreement and Plan of Merger with Horizon Parent, L.P. and Horizon Merger Sub, Inc. valued at $15.00 in cash (effective 2026-03-01).

Action: entry
Agreement: merger
Counterparty: Horizon Parent, L.P. and Horizon Merger Sub, Inc.
Value: $15.00 in cash
Effective: 2026-03-01

Exact text from the filing

On March 1, 2026, The AES Corporation (the “Company” or “AES”) entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Horizon Parent, L.P., a Delaware limited partnership (“Parent”), and Horizon Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent (“Merger Sub”).

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310 material agreements filed in the last 30 days. Browse all material agreements →

AES CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-084157

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