Daily Archives: November 7, 2009

AES Debate: China’s Infrastructure Grab (AES)

bull-and-bear-imageChina is at it again buying key infrastructure access.  AES Corp. (NYSE: AES) disclosed on Friday, along with earnings, that the company was raising significant cash.  This is a capital raise which also may ‘raise some eyebrows’ because the company is selling a 15% stake to China’s sovereign wealth fund, China Investment Corporation.  The stake sale will bring in $1.58 billion for expansion of global projects.  AES also announced a Letter of Intent to sell a 35% minority stake in its global wind generation business valued at $571 million on top of the stake sale.
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Posted on: November 7, 2009 – 11:59 am in China, Emerging Markets, Infrastructure, Mergers and Buy Outs, Private Equity, Regulation, Utilities,