Shareholders of AES Corp have filed two complaints against the U.S. utility group’s planned $33.4 billion sale to a consortium led by BlackRock’s Global Infrastructure Partners and Swedish private-equity firm EQT, the power company said in a filing on Friday.
Stockholders of the company are seeking to block the AES acquisition, while they seek more details about the deal that was announced in March as one of the largest of a recent surge of U.S. power mergers driven by rising electricity demand.
AES denied in the filing with the U.S. Securities and Exchange Commission that it did not submit all details required.
Source: Reuters.com