Shearman And Sterling

News January 10, 2014

Shearman & Sterling Advises on Public Secondary Offering of The AES Corporation’s Common Stock

Shearman & Sterling represented Barclays Capital Inc. and J.P. Morgan Securities LLC as representatives of the several underwriters on a public secondary offering by Terrific Investment Corporation, a subsidiary of China Investment Corporation, of 46 million shares of The AES Corporation’s common stock. Concurrently with the offering, The AES Corporation repurchased 20 million shares of its common stock from Terrific Investment Corporation.

The AES Corporation is a Fortune 200 global power company. It provides sustainable energy to 21 countries through its diverse portfolio of distribution businesses as well as thermal and renewable generation facilities.

The Team