The AES Corporation (NYSE: AES) announced that its stockholders voted to approve the company's acquisition by Global Infrastructure Partners (GIP), a part of BlackRock, and the EQT Infrastructure VI fund, along with co-underwriters California Public Employees' Retirement System and Qatar Investment Authority.

According to a company press release, approximately 97.92% of votes cast were in favor of the transaction, representing approximately 67.17% of all outstanding shares. The final voting results will be filed in a Form 8-K with the U.S. Securities and Exchange Commission.

Under the terms of the merger agreement, the consortium will acquire all outstanding common shares of AES for $15.00 per share in cash, representing a total equity value of approximately $10.7 billion and an enterprise value of approximately $33.4 billion, including the assumption of existing debt.

Holly Koeppel, Lead Independent Director of AES' Board of Directors, said the vote "reinforces our conviction that this transaction meaningfully enhances value while positioning AES for its next phase of growth."

Andrés Gluski, Chairman and Chief Executive Officer of AES, said the company is "focused on executing the remaining steps towards completing the transaction and partnering with the Consortium to expand our capacity to deliver reliable, affordable and sustainable energy."

The transaction is expected to close in late 2026 or early 2027, subject to federal, state, and foreign regulatory approvals and other customary closing conditions.