Brookfield Asset Management has agreed to acquire battery storage developer Aypa Power from Blackstone for approximately $7bn including debt, as investors target energy infrastructure expected to benefit from the rapid expansion of AI and data centres.
The transaction values Aypa’s equity at approximately $3bn, according to the companies. The deal confirms an earlier report that Brookfield was in talks to acquire the business from Blackstone Energy Transition Partners.
Aypa develops, owns and op...
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