| Add RSS Feed

6 November 2009-- AES Corp signed an agreement to raise $1.58 billion of new equity and sell 125.5 million shares of company stock to China Investment Corp. for a 15 percent interest in AES. The Virginia-based company also signed a letter of intent to raise an additional $571 million of equity for an approximate 35 percent interest in its wind generation business in China.

The stock purchase agreement is subject to regulatory reviews and approvals expected to be complete by 2010.

AES owns and operates power generation and distribution businesses in 29 countries.

CIC is a long-term institutional investor operated on a commercial basis. Following the closing, CIC will nominate a director to join the AES board, which currently has ten members.
Want more news? Subscribe to the FREE E-newsletter!

Related article
AES to begin construction of 170 MW wind project in Texas

| Add RSS Feed

---

More Business Articles >

Search Archives >

Power Engineering Article Categories:

Business		Projects/Contracts
Industry News		Deregulation
Environmental		Русский язык
Power Generation Young Professionals		Honeywell Automation & Control Solutions
HoneyWell Press Releases		HoneyWell Product Information
Power Engineering International Current Issue Table of Contents
Power Engineering Current Issue Table of Contents
Potencia Current Issue Table of Contents
Nuclear Power International Current Issue Table of Contents
Middle East Energy Current Issue Table of Contents

---

Search Products Buyer's Guide >

Search Industry Jobs >

Magazine & E-Newsletter Subscriptions >