06:38 AM EDT, 10/16/2026 (MT Newswires) -- The European Commission approved the acquisition of US-based power company AES Corp by Global Infrastructure Management and EQT's (EQT.ST) EQT Fund Management. The regulator concluded that the deal, which mainly relates to electricity markets, would not raise competition concerns due to the companies' limited market positions following the transaction, according to a Friday release. In March 2026, a consortium led by BlackRock's Global Infrastructure Partners and EQT announced an agreement to acquire AES at an enterprise value of $33.4 billion. Closing is expected in late 2026 or early 2027.

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