Electric Utilities
BlackRock's GIP & EQT to purchase AES Corp for $33.4 billion
A consortium led by BlackRock's Global Infrastructure Partners, and equity firm EQT AB agreed to a deal on Monday that would see the U.S. based power company AES Corp acquired for $33.4 billion including debt. This deal shows how utilities are prime targets for takeovers as artificial intelligence reshapes the electricity market. AES shares were down by?more that 17% during premarket trading. AES stated that it would have improved access to capital in order to invest in "critical energy infrastructure" assets and provide "reliable energy solution" to its customers. AES Indiana, AES Ohio and AES West Virginia will continue to...