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Tag "Abraaj Group"

China’s Shanghai Electric to buy K-Electric for $1.6 bn

China’s Shanghai Electric to buy K-Electric for $1.6 bn

🕔18:00, 31.Aug 2016

KARACHI: Chinese multinational Shanghai Electric is set to buy the K-Electric utility serving Pakistan’s biggest city of Karachi, in a $1.6 billion deal that will be the biggest private-sector acquisition in the country’s history.

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Shanghai Electric bids for stake in Pakistan’s K-Electric

Shanghai Electric bids for stake in Pakistan’s K-Electric

🕔16:52, 22.Aug 2016

SHANGHAI, CHINA: China’s state-backed Shanghai Electric Power said it is bidding to acquire a stake in Pakistani utility K-Electric Limited, formerly known as Karachi Electric Supply Company Limited, which has a total market value of $2.3 billion.

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Abraaj to consider options for K-Electric stake

Abraaj to consider options for K-Electric stake

🕔20:58, 30.Jun 2014

REUTERS: Abraaj Group has mandated Citigroup to evaluate options for its indirect stake in Pakistani utility K-Electric, the Dubai-based private equity firm said on Monday. Abraaj bought a controlling stake in KES Power, the majority shareholder in K-Electric, in 2009.

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