Overview

• AES shares rose about 15% to roughly $15.15, reaching their highest level in around 11 months on the news.
• The reported enterprise value includes about $29 billion of AES’s consolidated debt alongside an equity market value near $9.4 billion.
• People familiar with the matter say negotiations have progressed over recent months, though an agreement is not assured.
• AES declined to comment on the reports, and GIP did not respond to requests for comment.
• Power deals are drawing interest as AI and data centers boost electricity demand, with AES expanding in renewables and supplying major tech data centers.