Bidders Circle AEI Gem

Bidders Circle AEI Gem

Equity

After failing to IPO its AEI unit, Ashmore and co-investors in the Houston-based holdco are heard to be swiftly moving to a plan B liquidity event that involves selling off key assets. Executives familiar with the situation say talks to sell Elektro – Brazil’s eighth largest power distributor – are in full swing, with substantial interest from a number of potential bidders. Some 80% of AEI’s assets are in LatAm, the single largest by revenue being Elektro, whose market cap st

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