AES Corp (AES) Higher On Reports China's Investment Arm Is Eyeing a Stake In the Company
Shares of AES Corporation (NYSE: AES) are 3.8% higher today following reports that China Investment Corp. is in talks to take a minority stake in the power-plant developer.
The Wall Street Journal reported today that the China sovereign fund's interest in a minority stake in AES is one of a wide-range of options the two are discussing. A joint venture, in which CIC would contribute capital to AES's plans to develop power plants around the globe, is also under consideration.
The talks are still in the sensitive stage, and might not produce a deal.
An AES spokeswoman declined to comment to the Journal. A spokeswoman for CIC also declined to comment.
Link to WSJ Article
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