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M&A / regulation
AES received CFIUS approval. The Horizon Parent take-private is not closed.
The AES Corporation (NYSE: AES) said in an August 27 Form 8-K that it received CFIUS Approval, as that term is defined in its March 1 merger agreement with Horizon Parent, L.P. AES called the approval a condition to closing. The merger still needs additional regulatory approvals the company did not name, plus other customary conditions. If it closes, AES said it would be jointly owned by vehicles affiliated with Global Infrastructure Management, LLC and the EQT Infrastructure VI fund, as well as other investors.
Sources
The AES Corporation, Form 8-K, Date of Report August 27, 2026, Item 8.01. Accession 0001140361-26-034714. Independently re-read.
Date of Report August 27, 2026, from The AES Corporation Form 8-K cover. Item 8.01. Accession 0001140361-26-034714. AES common stock remains listed on the New York Stock Exchange on that cover. This is a closing-condition filing, not a close.
CFIUS clearance is a condition. It is not the close.
The AES Corporation said in an August 27 Form 8-K, Item 8.01, that it received CFIUS Approval, as that term is defined in its March 1 merger agreement with Horizon Parent, L.P. AES called the approval a condition to the closing of the Merger. The merger remains subject to certain additional regulatory approvals the company did not name, and other customary closing conditions. The filing does not print a close date.
The AES Corporation told investors on August 27 that it had received CFIUS Approval, using the term as its March 1 merger agreement defines it. The filing is a Form 8-K under Item 8.01. AES common stock is still listed on the New York Stock Exchange on the cover of that report.
A closing condition is a gate in the contract. Clearing one gate does not take the company private. AES is being taken private, if the merger closes, through Horizon Parent, L.P. Horizon Merger Sub, Inc., a wholly owned subsidiary of Parent, would merge into AES, and AES would continue as the surviving corporation. Horizon Parent is a Delaware limited partnership. Merger Sub is a Delaware corporation. The agreement is dated March 1, 2026.
Two buckets on the 8-K
CFIUS is the Committee on Foreign Investment in the United States. AES’s first sentence is the cleared bucket: it received “CFIUS Approval, as that term is defined in the Merger Agreement.” The 8-K does not attach a CFIUS order or a case number.
The second bucket is in the next sentence. “CFIUS Approval is a condition to the closing of the Merger, which remains subject to certain additional regulatory approvals and other customary closing conditions.”
Those additional approvals are unnamed. The filing does not say CFIUS was the last material condition. It does not print a close date. The cautionary block mentions “the expected date of closing” as a topic of estimates. It does not give one.
Read the 8-K as a checklist with two lines. The first line has a date: August 27. The second line does not. Anyone who treats the first line as the close, or as proof the second line is empty, is adding words AES did not file.
That is the whole process step on this page: one named condition received, one unnamed remainder still outstanding. Both come from this 8-K.
Who owns AES if it closes
If the transaction closes, AES said it will be jointly owned by investment vehicles affiliated with one or more funds, accounts, or other entities owned, managed, or advised by Global Infrastructure Management, LLC and the EQT Infrastructure VI fund, as well as other investors.
That is a company statement about ownership after a close. It is not a statement that the close has happened, and it is not a statement of who owns AES today.
What this filing is not
Thursday’s 8-K does not print a per-share price, a deal value, or a premium. The only dollar figure on the cover is the common stock’s $0.01 par value, which is not merger consideration. A proxy statement provided to AES stockholders on or about May 15, 2026 is mentioned in the cautionary block. It is not used here for a price or a close date.
The process step on this page is this 8-K only.
A cleared condition is still only a condition
CFIUS clearance is a condition in AES’s merger agreement with Horizon Parent. Receiving that approval is not the same as the merger closing. AES common stock is still listed on the New York Stock Exchange on the cover of the August 27 Form 8-K.
Keep the named CFIUS line next to the unnamed remainder
Keep CFIUS Approval, as defined in the March 1 Merger Agreement, on the first line of Item 8.01. Keep the unnamed additional regulatory approvals and other customary closing conditions on the second line. Printed post-close owners are investment vehicles affiliated with Global Infrastructure Management, LLC and the EQT Infrastructure VI fund, as well as other investors. The cover’s $0.01 is par value, not merger consideration.
Corrections
We do not silently rewrite a published line. A correction is a new labeled piece, not an invisible edit.
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Sources & evidence
Primary documents used for this piece.
The AES Corporation
The AES Corporation
