Mergers & Acquisitions ·
EU and New York regulators approve AES merger with Horizon Parent, L.P
AESAes Corp
The European Commission unconditionally approved the proposed merger between The AES Corporation and Horizon Parent, L.P., under the EU Merger Regulation. Additionally, the New York Public Service Commission issued a declaratory ruling that the transaction requires no further review under state law. These regulatory clearances satisfy specific conditions to closing for the merger, which remains subject to other customary closing conditions and additional approvals. Upon completion, AES will be jointly owned by investment vehicles affiliated with Global Infrastructure Management, LLC and the EQT Infrastructure VI fund. The AES Corporation operates in the electric power industry.