BlackRock Eyes AES Acquisition to Expand Infrastructure and Utilities Reach

BlackRock is exploring a potential acquisition of utility group AES through its Global Infrastructure Partners arm and EQT AB. The deal would add a large regulated utility platform to BlackRock's alternative assets footprint, deepening its exposure to infrastructure and utilities. The transaction would fit with the broader industry pattern of large asset managers increasing their focus on utilities, which sit at the intersection of long-term capital needs and essential services.