Shanghai Power committed to buy K-Electric

KARACHI: The Shanghai Electric Power Ltd (SEPL) has sought the government’s support in accelerating the process of regulatory approvals to facilitate the completion of Sale-Purchase Agreement (SPA) of majority shares in K-Electric Ltd (KEL).

Meanwhile, KEL and Arif Habib Ltd (AHL), which is manager to the offer, informed the Pakistan Stock Exchange (PSX) that Shanghai Electric will be renewing its interest in purchasing controlling stake in KEL since the last public announcement of its intention (PoI) has run into its time limit.

Published in Dawn, 27th March, 2018