GIP and EQT (EQT SS) are reportedly nearing a deal to acquire power firm AES (AES), Bloomberg reports

GIP and EQT (EQT SS) are reportedly nearing a deal to acquire power firm AES (AES), Bloomberg reports.

GIP and EQT are reportedly finalizing a deal to acquire AES, which could significantly reshape their energy portfolios. This acquisition signals a strong bet on the integration of traditional power generation with resources, potentially enhancing operational synergies and market reach. Watch for implications on peer valuations in the energy sector, as well as any regulatory hurdles that could affect the transaction's completion.