M&A
confidence high
sentiment neutral
materiality 0.45
AES clears EU Foreign Subsidies Regulation review for GIP/EQT take-private merger
AES CORP
- European Commission closed its preliminary review of the merger under Article 10(4) of the EU Foreign Subsidies Regulation on October 28, 2026.
- Merger agreement signed March 1, 2026 with Horizon Parent, L.P.; Horizon Merger Sub, Inc. will merge into AES, with AES as surviving corporation.
- On closing, AES will be jointly owned by investment vehicles tied to Global Infrastructure Management, LLC (GIP) and the EQT Infrastructure VI fund, plus other investors.
- Closing still requires additional regulatory approvals and other customary conditions; this filing gives no updated deal terms, price or closing date.
- Paul L. Freedman, EVP, General Counsel and Corporate Secretary, signed the report dated October 28, 2026.