Sev.En Global Investments A.S. agreed to acquire 51% equity stake in the Mong Duong 2 coal-fired plant in Vietnam from The AES Corporation (NYSE:AES) for $1 billion on November 30, 2023. The transaction is subject to approval by the Government of Vietnam and the Ministry of Industry and Trade. The transaction is expected to close by the end of 2025.

HSBC acted as Lead Financial Advisor to The AES Corporation. Adam Moncrieff, Duc Tran and Ka Sen Wong of Allen & Overy Prague acted as legal advisor to Sev.en Global Investments a.s.