---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-084157"
form_type: "8-K"
ticker: "AES"
cik: "0000874761"
company_name: "AES CORP"
filed_at: "2026-03-02T23:59:59+00:00"
generated_at: "2026-05-15T22:56:10.083832+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-084157
- form_type: 8-K
- ticker: AES
- cik: 0000874761
- company_name: AES CORP
- filed_at: 2026-03-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874761/000119312526084157/0001193125-26-084157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874761/000119312526084157/d100078d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-084157
- JSON: https://secwatch.observer/filing/0001193125-26-084157.json
- Plain text: https://secwatch.observer/filing/0001193125-26-084157.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/874761/000119312526084157/0001193125-26-084157-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.