BlackRock's GIP nears $38 billion takeover of utility group AES, FT reports

Core Viewpoint - BlackRock-owned Global Infrastructure Partners (GIP) is close to finalizing a $38 billion acquisition of utility group AES, as reported by the Financial Times [1] Company Summary - The acquisition involves a significant financial commitment of $38 billion, indicating a strong interest in the utility sector by GIP [1] - This deal highlights the ongoing trend of large-scale investments in infrastructure and utility companies, reflecting the growing demand for stable and essential services [1]