Latest news with #GlobalInfrastructurePartners
Yahoo
10 hours ago
- Business
- Yahoo
The AES Corporation (AES) Boosts Clean Energy Push with $4B Green Hydrogen Venture
We recently compiled a list of The AES Corporation stands second on our list. The AES Corporation (NYSE:AES), a global power and utility company, is advancing its clean energy initiatives while exploring strategic options amid rising investor interest. The company operates internationally with a strong focus on renewables, including solar, wind, energy storage, and green hydrogen. Long-term power purchase agreements with major clients like Microsoft and Meta further strengthen its clean energy portfolio, with several large-scale projects in regions such as Texas and Kansas nearing completion in 2025. The corporation is set to report its Q2 2025 earnings on July 31. Despite facing weather-related outages and increased restoration costs, the company benefits from growing energy demand driven by rapid data center expansion and favorable rate outcomes in previous quarters. These trends are expected to support continued revenue growth. In early July 2025, The AES Corporation (NYSE:AES) shares rose over 9% following reports that the company is exploring a potential sale or other strategic alternatives. Interest from major firms like Brookfield Asset Management and Global Infrastructure Partners reflects the company's appeal, particularly given its $40 billion enterprise value and recent stock decline. A possible leveraged buyout would be among the largest in the sector. High-voltage power lines. Electricity distribution station. high voltage electric transmission tower. Distribution electric substation with power lines and transformers. The AES Corporation (NYSE:AES)'s strategic direction is further underscored by its $4 billion joint venture with Air Products to develop green hydrogen in North Texas, aligning with decarbonization goals and new policy frameworks. The company views clean hydrogen as vital for reducing emissions in heavy-duty transport and industry. While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Free Malaysia Today
4 days ago
- Business
- Free Malaysia Today
MAHB reaps efficiency gains at airports post-privatisation
MAHB manages 39 airports in Malaysia, and the Sabiha Gokcen International Airport in Turkey. PETALING JAYA : The privatisation of Malaysia Airports Holdings Bhd (MAHB), which included the entry of strategic foreign partners, has sparked a tangible improvement in the operation of the nation's airports. Managing director Izani Ghani said the airport operator has pivoted towards becoming more agile, responsive and customer-focused, shedding its old ways in favour of speed and service excellence. 'I told my team we cannot run an airport at the pace we used to before. This is a customer-facing business. Our customers expect quick responses and smooth experiences,' he said in his first media briefing today on MAHB's strategic direction following the privatisation. Izani Ghani. Izani said the positive trajectory is being driven by strategic upgrades and service transformations across its network, particularly at the Kuala Lumpur International Airport (KLIA). MAHB has completed 14 facility upgrades in the first half of the year at KLIA's Terminal 1, improving passenger clearance lanes and check-in zones. These efforts, costing some RM30 million, have increased security screening throughput by 40%. Its initiatives to enhance customer experience by reducing bottlenecks have seen a reduction in minimum connecting time from 90 minutes to 60 minutes at Terminal 2. 'These are the low-hanging fruits, done with support from our experienced partners, including Global Infrastructure Partners (GIP). They helped us fine-tune operations, such as shortening clearance times and optimising passenger flows,' he said. MAHB is also optimistic of achieving its target of 62 million passenger movements by year-end, an achievement that would mark a return to pre-pandemic levels. Izani said MAHB is exploring the feasibility of enabling seamless passenger transfers between KLIA Terminals 1 and 2. Proof-of-concept trials are underway, including evaluating shuttle routes and baggage transfer processes. On regional aspirations, he said MAHB is focused on the regional travel segment rather than competing with larger hubs like Singapore's Changi or Thailand's Suvarnabhumi airports. 'We do not need to fight head-on. We focus on our niche. Many regional carriers are already operating out of Malaysia,' he said. GIP's pivotal role MAHB was taken private in February by a consortium led by Khazanah Nasional Bhd for RM12.3 billion, or RM11 per share. The national sovereign wealth fund and the Employees Provident Fund now hold 40% and 30%, respectively, while the remaining 30% is owned by the Abu Dhabi Investment Authority and GIP. Izani also acknowledged that GIP will play a key role in MAHB's transformation initiatives moving forward. He confirmed that Bryan Thompson, who took up the newly created role of chief airports officer in May, and three others – Adam Wilson, Ben Nolan and Richard Townsend – are GIP representatives. Thompson previously served as the CEO of Abu Dhabi Airports, executive director at Neom Bay Airport in Saudi Arabia, as well as an operating partner for GIP. The other three individuals, who are working under Thompson, also have extensive experience in airport operations in the UK and the Middle East. Wilson's previous roles include COO at Edinburgh Airport, and senior roles at London Heathrow Airport, while Nolan held senior finance positions at Gatwick Airport. In explaining the privatisation deal previously, Khazanah and EPF said GIP brings a demonstrable track record of leading airport transformations, as it has done at its other airport investments such as Sydney Airport, Gatwick Airport, and Edinburgh Airport. Apart from the 39 airports in Malaysia, MAHB manages the Sabiha Gokcen International Airport in Istanbul, Turkey.
Forbes
24-07-2025
- Business
- Forbes
BlackRock To Buy 40% Stake In Aboitiz Equity's Infrastructure Arm
Aboitiz InfraCapital owns and operates the Mactan-Cebu International Airport. BlackRock will buy 40% of Aboitiz Equity Ventures' privately held infrastructure unit, bolstering the Philippine company's financial muscle as it steps up spending to modernize the country's infrastructure. Global Infrastructure Partners (GIP), BlackRock's wholly owned unit, and Aboitiz Equity are in 'the process of finalizing a strategic partnership,' the Philippine conglomerate said in a statement, without disclosing the amount of the potential sale. GIP, which was acquired by BlackRock in October, has over $183 billion in assets under management. It has interests in energy, transport, digital infrastructure, water utility and waste management sectors. 'The Philippines has compelling growth prospects, which can be further enhanced by developing world-class infrastructure,' Bayo Ogunlesi, chairman and CEO of GIP, said. 'We are pleased to have the opportunity to become a strategic partner of the Aboitiz Group.' The Philippine government aims to double infrastructure spending to at least 2 trillion pesos ($35 billion) this year as it accelerates projects such as the 33-kilometer Metro Manila subway that's estimated to cost 489 billion pesos to build. Aboitiz Equity—the publicly traded holding company of tycoon Sabin Aboitiz and his family—has been scaling up its infrastructure investments in recent years. It has interests in airports, power plants, industrial estates, telecommunications towers and water utilities. 'We are honored to explore this opportunity with Global Infrastructure Partners,' Sabin Aboitiz, CEO and president of the conglomerate said. 'Together, we aim to deliver projects that improve lives and empower communities.' Aboitiz InfraCapital swung to a 207 million loss in the first quarter even as sales jumped 53% to 2.4 billion pesos amid soaring finance charges on the company's mounting debt levels. Aside from infrastructure, Aboitiz Equity has interests in banking, financial services, food manufacturing, and real estate. With an estimated net worth of $2.2 billion, the Aboitiz family is among the wealthiest in the Philippines.
Bloomberg
18-07-2025
- Business
- Bloomberg
Aramco Nears $10 Billion Jafurah Pipeline Stake Sale to GIP
By and Anthony Di Paola Save Saudi Aramco is in advanced talks to sell a roughly $10 billion stake in midstream infrastructure serving the giant Jafurah natural gas project to a group led by BlackRock Inc., according to people with knowledge of the matter. The consortium is backed by BlackRock's Global Infrastructure Partners unit and could reach an agreement as soon as the coming days, said the people, who asked not to be identified discussing confidential information.
Yahoo
16-07-2025
- Business
- Yahoo
BlackRock Stock Wipes Out Gains on Heavy Outflow and Acquisition Charges
July 16 - BlackRock (NYSE:BLK) shares plunged about 5% after the world's largest asset manager detailed mixed second?quarter results. Warning! GuruFocus has detected 8 Warning Sign with BLK. The firm reported record assets under management of $12.5 trillion and adjusted earnings per share of $12.05, up 16% year?over?year. Revenue climbed 13% to $5.42 billion, buoyed by inflows into iShares ETFs, private markets and cash strategies. Despite the headline gains, GAAP operating income fell 4% to $1.73 billion due to acquisition?related charges from its recent Preqin and Global Infrastructure Partners deals. A single institutional client's $52 billion redemption cut net quarterly inflows to $68 billion; without that outflow, inflows would have been the strongest in nearly two years. Expenses rose meaningfully, with compensation and benefits up $261 million and a $39 million restructuring charge linked to internal reorganisation. GAAP operating margin narrowed to 31.9% from 37.5% a year earlier, underscoring margin pressure. Chief Executive Larry Fink highlighted growing demand across ETFs, alternatives and the Aladdin technology platform. He noted that the HPS Investment Partners acquisition added $165 billion in AUM. While BlackRock did not provide formal guidance, management said the second half of the year is typically stronger, though near?term volatility may persist. Based on the one year price targets offered by 15 analysts, the average target price for BlackRock Inc is $1168.16 with a high estimate of $1260.00 and a low estimate of $980.00. The average target implies a upside of +11.66% from the current price of $1046.16. Based on GuruFocus estimates, the estimated GF Value for BlackRock Inc in one year is $972.02, suggesting a downside of -7.09% from the current price of $1046.16. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
