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Article: AES RAISES $1.58 BILLION IN NEW CAPITAL.
- Article from:
- AsiaPulse News
- Article date:
- November 9, 2009
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(BW)(VA-AES)(AES.NYSE) AES Raises $1.58 Billion in New Capital
Also Announces Letter of Intent to Sell 35% Minority Stake in Global Wind Generation Business Valued at $571 Million
Business Editors
ARLINGTON, Va.--(BUSINESS WIRE) - Nov. 06, 2009-- The AES Corporation (NYSE: AES) today announced a binding stock purchase agreement with a wholly-owned investment subsidiary of China Investment Corporation (CIC) to raise $1.58 billion of new equity to fund growth opportunities and extend its global leadership in the power sector. At close, CIC will acquire 125.5 million shares of AES stock ...