Overview

• AES is conducting a strategic review that includes exploring a potential sale following interest from infrastructure investors
• BlackRock’s Global Infrastructure Partners unit and Brookfield Asset Management are among the parties studying bids for the company
• Its stock had lost about half its value over the past two years and was down roughly 13% this year before climbing 13-16% on Wednesday
• AES owns a portfolio of wind and solar farms and operates utilities in Indiana and Ohio while supplying renewable power to Microsoft, Alphabet and Amazon
• The company carries around $31 billion in debt against a roughly $7.9 billion market capitalization, underscoring its high leverage