DR1 Daily News - Dominican Republic

In a move that signals a massive realignment of the global and local energy sectors, a powerhouse consortium led by BlackRock’s Global Infrastructure Partners (GIP) and the Swedish firm EQT has signed a definitive agreement to acquire The AES Corporation.

The transaction, valued at approximately US$33.4 billion including debt, will take the energy giant private, delisting it from the New York Stock Exchange. The deal carries significant weight for the Dominican Republic, where AES Dominicana has operated for over 25 years as a pillar of the nation’s electricity generation and liquefied natural gas (LNG) infrastructure.

The detailsThe investor group, which also includes the California Public Employees’ Retirement System (CalPERS) and the Qatar Investment Authority (QIA), will pay US$15.00 per share in cash. This represents a roughly 40% premium over the...