AES merger clears European and New York regulatory hurdles
The European Commission issued an unconditional approval of the merger involving The AES Corporation on October 15, 2026. The New York Public Service Commission subsequently issued a declaratory ruling on October 19, 2026, stating that the transaction requires no further review under New York Public Service Law Section 70. These regulatory clearances serve as conditions for the closing of the deal, which remains subject to additional regulatory approvals and other customary closing conditions.
The European Commission issued an unconditional approval of the merger involving The AES Corporation on October 15, 2026. The New York Public Service Commission subsequently issued a declaratory ruling on October 19, 2026, stating that the transaction requires no further review under New York Public Service Law Section 70. These regulatory clearances serve as conditions for the closing of the deal, which remains subject to additional regulatory approvals and other customary closing conditions.
The merger was established through an Agreement and Plan of Merger signed on March 1, 2026, by The AES Corporation, Horizon Parent, L.P., and Horizon Merger Sub, Inc. Under the terms of the agreement, Horizon Merger Sub will merge with and into The AES Corporation, with The AES Corporation continuing as the surviving corporation. Horizon Parent, L.P. is a Delaware limited partnership, while Horizon Merger Sub, Inc. is a Delaware corporation and a wholly owned subsidiary of Horizon Parent, L.P.
Upon the closing of the transactions contemplated by the Merger Agreement, The AES Corporation will be jointly owned by investment vehicles linked to funds connected with Global Infrastructure Management, LLC and the EQT Infrastructure VI fund, along with other investors. The company's common stock, which has a par value of $0.01 per share, is registered on the New York Stock Exchange under the trading symbol AES.
The Form 8-K filing was signed by Paul L. Freedman, Executive Vice President, General Counsel and Corporate Secretary, on October 19, 2026. The report notes that forward-looking statements regarding the transaction are based on current expectations and are subject to risks and uncertainties. These risks include the potential failure to satisfy completion conditions in a timely manner, litigation related to the transaction, and disruptions to the business. The company does not undertake any obligation to update these forward-looking statements.