Mergers & Acquisitions ·
European Commission approves AES merger with Horizon Parent under EU Foreign Subsidies Regulation
AESAes Corp
The European Commission closed its preliminary review of the proposed merger between The AES Corporation and Horizon Parent, L.P., granting approval under the EU Foreign Subsidies Regulation. This regulatory clearance is a condition to closing the transaction, which remains subject to additional approvals and customary conditions. Upon completion, AES will be jointly owned by investment vehicles affiliated with Global Infrastructure Management, LLC and the EQT Infrastructure VI fund. The company operates in the electric power industry.