BlackRock’s GIP and EQT to Buy AES for $10.7 Billion

BlackRock Inc.’s Global Infrastructure Partners LP and EQT AB agreed to buy AES Corp. for about $10.7 billion in cash as the market heats up for power plant developers that can provide electricity for energy-hungry AI data centers.

By Mark Chediak, David Carnevali, Dinesh Nair, Ryan Gould, Will Wade