Announced
Financials
Sources
Tags
Private
Single Bidder
Disposal
Pakistan
Electricity Distribution
generation
transmission
distribution
electric energy
Majority
Public
Failed
Friendly
Acquisition
Synopsis
Shanghai Electric Power Company, an electric services company, failed to acquire a 66.4% stake in K-Electric, an energy company in Pakistan, for $1.77bn. Shanghai Electric has been in talks to acquire a stake in KE for more than half a decade. The deal has been repeatedly delayed due to regulatory approvals and liquidity constraints as a consequence of mounting circular debt in the country’s power sector.
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