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  • Today

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    • 12 hours ago by PR Newswire
      Companies Mentioned: AES

      The AES Corporation (NYSE:AES) today announced that it reached an agreement to sell a 30% indirect equity interest in AESOhio to CDPQ, a global investment group, for approximately US$546 million, with closing expected in the first half of 2025.

    • 12 hours ago by PR Newswire
      Companies Mentioned: AES

      The AES Corporation (NYSE: AES) today announced that it reached an agreement to sell a 30% indirect equity interest in AES Ohio to CDPQ, a global investment group, for approximately US$546 million, with closing expected in the first half of 2025.

    • 15 hours ago by Dow Jones
      Companies Mentioned: AES
      By Colin Kellaher AES Corp. has agreed to sell a minority stake in its Ohio utility to Caisse de depot et placement du Quebec, nearly 10 years after a striking a similar deal with the Canadian pension giant involving its Indiana operations. AES on Tuesday said it will sell a 30% indirect equity interest in AES Ohio to CDPQ for about $546 million in a deal slated to close in the first half of 2025. The Arlington, Va., power company said AES Ohio plans to invest more than $1.5 billion through 2027 to improve system reliability, and that CDPQ will fund its pro-rata share of the unit's near-term capital needs. AES in late 2014 agreed to sell a minority stake in its AES Indiana unit to CDPQ, one of Canada's largest public pension funds, with total assets of nearly $340 billion. The company on Tuesday said the new deal creates a similar ownership structure for the two utilities, with no change in management or operational control of AES Ohio. AES said that with the Ohio deal, it will have achieved more than $2.7 billion of its planned $3.5 billion in asset sales from 2023 through 2027. Write to Colin Kellaher at colin.kellaher@wsj.com (END) Dow Jones Newswires September 17, 2024 07:43 ET (11:43 GMT)
    • 15 hours ago by MT Newswires
      Companies Mentioned: AES
      07:40 AM EDT, 09/17/2024 (MT Newswires) -- The AES Corporation (AES) said Tuesday that it agreed to sell a 30% indirect equity interest in AES Ohio to Canadian pension fund Caisse de Depot et Placement du Quebec for approximately $546 million. AES s...
    • 15 hours ago by Dow Jones
      Companies Mentioned: AES

      AES Announces Strategic Partnership with CDPQ to Support AES Ohio's Robust Growth Plans

      PR Newswire

      ARLINGTON, Va. and MONTRÉAL, Sept. 17, 2024

      ARLINGTON, Va. and MONTRÉAL, Sept. 17, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) today announced that it reached an agreement to sell a 30% indirect equity interest in AES Ohio to CDPQ, a global investment group, for approximately US$546 million, with closing expected in the first half of 2025.

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