BlackRock (BLK)-owned Global Infrastructure Partners is nearing a $38B deal to buy utility group AES (AES) in what would be one of the largest infrastructure takeovers of all time, said people briefed on the matter, Financial Times’ Oliver Barnes, Antoine Gara and James Fontanella-Khan report. GIP, a pioneer of specialized infrastructure takeovers, is poised to acquire AES within the coming days, the people said. GIP owns stakes in London’s Gatwick airport and large pipeline networks in the U.S. and Middle East, the authors note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLK:
- M&A News: AES Stock Under Watch as BlackRock Eyes $38B Acquisition
- XRP ETFs Could “Mark the Beginning of an End” for XRP’s Price
- Crypto Currents: SEC clears path for altcoin ETFs as SWIFT plans blockchain
- BlackRock price target raised to $1,350 from $1,200 at Citi
- Crypto Currents: HSBC joins institutional wave of blockchain technology backing