AES Announces Strategic Partnership with CDPQ to Support AES Ohio's Robust Growth Plans [Yahoo! Finance]
The AES Corporation (AES)
Last the aes corporation earnings: 2/28 06:00 am
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Source: Yahoo! Finance
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. This agreement expands upon AES' existing partnership with CDPQ at AES Indiana and creates a similar ownership structure for the two utilities, with no change in management or operational control of AES Ohio. CDPQ's partnership with AES, now in both US utilities, will bring continued funding to support the high growth ahead. "We have a successful track record of incorporating strategic partners into our businesses in support of our growth initiatives. CDPQ has been a long-term partner to AES and this transaction marks another strong step forward for AES Ohio, enabling the increased capital investments needed to support our customers' growing needs," said Andrés Gluski, AES President and CEO. AES Ohio plans to invest more than US$1.5 billion from 2024 through 2027 to improv
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AES
News
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AES
Earnings
- 10/31/24 - Beat
AES
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- 11/13/24 - Form SC
- AES's page on the SEC website