The AES Corporation (NYSE: ) has announced the sale of its 47.3% equity stake in AES Brasil to Auren Energia. The transaction, valued at approximately , will be completed in conjunction with a merger between AES Brasil and Auren Energia. AES Brasil shares will be valued at approximately per share, before purchase price adjustments.
Andrés Gluski, AES President and Chief Executive Officer, expressed pride in the accomplishments of AES’s team in Brazil. He stated, “As one of leading renewable companies, with a similar footprint, we see Auren as the right owner of these assets to achieve greater economies of scale and continue to serve the Brazilian market with clean and reliable energy.”
The sale is part of AES’s ongoing portfolio simplification strategy and alignment with its balance sheet objectives. The company is now directing the majority of its investments towards supplying renewable energy to corporate customers in the US and its rapidly growing utilities.
Including this transaction and others closed in 2023 and 2024, AES will have achieved over half of its asset sale proceeds target through 2027.
The transaction is subject to customary closing approvals and a condition precedent related to the completion of a late-stage construction project. It is expected to close within 4 to 6 months.
The AES Corporation (NYSE: ) is a Fortune 500 global energy company committed to accelerating the future of energy. The company partners with stakeholders to deliver greener and smarter energy solutions. AES’s workforce focuses on continuous innovation and operational excellence, supporting customers in their strategic energy transitions while meeting current energy demands.
Investors and other interested parties are encouraged to visit the company’s website at for further information. The website, including quarterly updates, serves as a channel for the distribution of company information. Investors are advised to monitor the website and follow AES’s press releases, SEC filings, and public conference calls for the latest updates.
