AES Corp. (NYSE:AES) said Tuesday it agreed to sell a 30% indirect equity interest in AES Ohio to investment group CDPQ for $546M, expanding upon its existing partnership with CDPQ at AES Indiana and creating a similar ownership structure for the two utilities.

Energy company AES Corp. (AES) announced Tuesday that it reached an agreement to sell a 30% indirect equity interest in AES Ohio to

Global investment group CDPQ will take a stake in Dayton-area electric utility AES Ohio with a $546 million investment, with the closing of the deal expected in the first half of 2025, AES said Tuesday. The proposal gives CDPQ a 30% indirect equity interest in AES Ohio, the company said.

U.S. utility firm AES Corp said on Tuesday it would sell a 30% indirect equity interest in its Ohio subsidiary to Canada's second-largest pension fund CDPQ for $546 million, which will be used to support infrastructure investments.