Abraaj nears deal to offload K-Electric stake to Chinese | Financial Times:
Abraaj is close to reaching agreement with the Pakistan government that will allow the failed emerging markets private equity firm to sell its 66 per cent stake in Karachi-based K-Electric to a Chinese group.
Two years ago, the company’s sale price to Shanghai Electric Power was set at about $1.8bn, which would have earned Abraaj about $450m.
Now the deal, which had been held up by regulatory approvals, is being renegotiated, probably at a lower price, according to senior people at Abraaj and people close to the transaction.
No comments:
Post a Comment