BlackRock Eyes $38 Billion Acquisition of Power Utility Major

BlackRock’s Global Infrastructure Partners is negotiating the acquisition of power utility AES in a deal that could be worth $38 billion. That would make the tie-up one of the largest in history involving a public power utility in the United States, per Reuters. Media reports on the news cited sources in the know that remained unnamed and that said the deal included AES’s substantial debt load, at $29 billion, per the Financial Times. Its market capitalization, on the other hand, was valued at $9.4 billio ...