AES Corp. Announces CFIUS Approval for Proposed Merger

What Happened

• The AES Corporation reported that it received CFIUS Approval on August 27, 2026 in connection with the Agreement and Plan of Merger it entered on March 1, 2026 with Horizon Parent, L.P. and Horizon Merger Sub, Inc. Under the Merger Agreement, Merger Sub will merge with and into AES, with AES surviving the merger. CFIUS Approval is a required condition to closing; the transaction remains subject to additional regulatory approvals and customary closing conditions.

Key Details

• Merger Agreement signed: March 1, 2026.
• CFIUS Approval received: August 27, 2026 (condition to closing).
• Post-closing ownership: AES would be jointly owned by investment vehicles affiliated with Global Infrastructure Management, LLC and the EQT Infrastructure VI fund, together with other investors.
• The filing reiterates customary forward-looking statements and lists key risks (e.g., remaining regulatory approvals, potential litigation, transaction costs, and operational disruptions).

Why It Matters

• Receiving CFIUS Approval clears an important national-security review, bringing the proposed merger materially closer to completion.
• However, closing is not guaranteed — other regulatory approvals and customary closing conditions remain outstanding, and the company highlights risks that could delay or prevent the transaction.
• Investors should note the definitive change in ownership structure on closing (joint ownership by GIM- and EQT-affiliated vehicles and other investors) and review AES’s proxy and risk disclosures for additional details.