Shanghai Electric submits fresh acquisition intention

KARACHI: China’s Shanghai Electric Power Company has made a fresh announcement to acquire K-Electric from Dubai-based The Abraaj Group, according to a notice sent to the Pakistan Stock Exchange (PSX) on Tuesday.

Earlier, the Chinese state-owned power firm failed twice to secure the required regulatory approvals in the given time due to pending issues in the last one-and-half years.

Published in The Express Tribune, 28th March, 2018