UPDATE 2-AES to raise $2.15 bln from stake sales to China's CIC
* AES to sell 125.5 mln shrs at $12.60 each
* To sell stake in wind generation business for $571 mln * China Investment Corp unit to buy stakes
* Q3 profit rises, ups midpoint of FY adj shr view
* AES stock rises 4 pct (Recasts, adds details, updates share movement)
Nov 6 (Reuters) - AES Corp (AES.N: Quote, Profile, Research) said it will raise about $2.15 billion by selling stakes in the company and its wind generation business to China Investment Corp (CIC).
The power company said it will sell 125.5 million shares, or a 15 percent stake, to a unit of China's sovereign wealth fund at $12.60 each, for about $1.58 billion.
AES, which is looking to boost its renewable energy capacity, also signed a letter of intent with the CIC to raise an additional $571 million of equity for a stake in its wind generation unit.
Separately, the company reported a higher third-quarter profit and raised the midpoint of its full-year adjusted profit outlook by 1 cent to $1.09 a share.
Analysts on average were looking for earnings of $1.10 for the period, according to Thomson Reuters I/B/E/S. Continued...
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