Overview

• AES shares jumped roughly 14% to 16% on Wednesday after reports from the Financial Times and Reuters that talks are well advanced.
• The potential takeover would include about $29 billion of AES’s consolidated debt, according to the reports.
• After the stock surge, some estimates placed the company’s enterprise value above $40 billion as market capitalization increased.
• AES supplies power for data centers run by Google, Amazon and Microsoft, aligning with investor bets on rising AI-driven electricity demand.
• AES declined to comment and GIP did not respond to requests for comment, and the company has been exploring strategic options since July.