Utility group AES fields complaints against its $33.4 billion proposed sale

AES Corp shareholders have filed two complaints against the company’s planned $33.4 billion sale to a consortium led by BlackRock’s Global Infrastructure Partners and EQT. The litigation introduces closing risk and could delay or complicate one of the larger utility-sector transactions. The news is modestly negative for AES but is unlikely to have broad market impact.

Analysis

AES Corp shareholders have filed two complaints against the company’s planned $33.4 billion sale to a consortium led by BlackRock’s Global Infrastructure Partners and EQT. The litigation introduces closing risk and could delay or complicate one of the larger utility-sector transactions. The news is modestly negative for AES but is unlikely to have broad market impact.