AES Receives EU and New York Approvals for Proposed Takeover

AES said the European Commission unconditionally approved its proposed merger with Horizon Parent on October 15, 2026, and the New York Public Service Commission ruled on October 19 that no further review is required under state law. The transaction, announced March 1, remains subject to additional regulatory approvals and customary closing conditions; upon completion, AES will be jointly owned by investment vehicles affiliated with Global Infrastructure Management and EQT Infrastructure VI, along with other investors.