News Releases
China Investment Corporation Invests in AES Corporation
November 6, 2009: China Investment Corporation (ˇ°CICˇ±) today made an investment through a wholly-owned subsidiary in the amount of USD 1.58 billion in AES Corporation (ˇ°AESˇ±). At close, CIC will acquire 125.5 million shares of AES stock for USD 12.6 per share, representing approximately 15% equity interest in the company. According to the investment agreement, CIC will nominate one director to the AES board.
CIC has also signed a letter of intent with AES to invest an additional USD 571 million for an approximate 35% interest in the wind generation business of AES.