(RTTNews) - AEI, which owns and operates essential energy infrastructure assets in emerging markets, announced that it has decided not to proceed with an initial public offering of shares at this time due to market conditions.

AEI, which planned to list its shares in the on the New York Stock Exchange under the symbol "AEI", recently said it is offering 16.66 million ordinary shares, and the selling share holders are offering 33.33 million ordinary shares, and disclosed the estimated pricing to be between $14.00 and $16.00 per share.

But in an amended filing made yesterday, October 29, AEI disclosed that the number of shares in the offering has been reduced to 21 million ordinary shares, under which it will be selling 20 million shares and the selling shareholders offering 1 million shares. Yesterday, the company also slashed its estimated initial public offering price to the range of $12 to $13 per share.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2009 RTTNews.com, Inc. All Rights Reserved