Blackstone Sells Aypa Power for ~$7B, Leads $3B AirTrunk Data Center Loan
BX sits 21% above its 52-week low of $101.73.
Summary
Blackstone is selling battery storage developer Aypa Power to Brookfield in a deal valuing the company near $7 billion, with equity around $3 billion. Aypa holds 6.5 GW of current and near-term battery capacity plus a 20+ GW pipeline across the U.S. and Canada. Separately, Blackstone is arranging a lead role in a A$4.3 billion (~$3 billion) five-year construction loan for AirTrunk's SYD3 data center, with major banks named as lenders and the syndicate open to more participants. The Aypa sale crystallizes a significant gain from Blackstone's energy transition investments, while the AirTrunk loan underscores its growing presence in data center financing. Both moves align with the firm's recent string of large-scale deals, including a $35 billion AI infrastructure fund commitment and a $5 billion Google joint venture. The transactions highlight Blackstone's ability to monetize assets and deploy capital in high-demand sectors.
At the time of this announcement, BX was trading at $122.94 on NYSE in the Finance sector, with a market capitalization of approximately $150B. The 52-week trading range was $101.73 to $190.09. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.