China’s top energy firm eyes majority stake in K-Electric – ZAWYA

China’s top energy firm eyes majority stake in K-Electric – ZAWYA

china's top energy firm eyes majority stake in k-electric shanghai electric wants to acquire 66.4% voting shares in pakistan utility firm    shanghai electric power co, one of the biggest players in china's energy sector, is seeking a majority stake in one of the subsidiaries of kuwait's national industries group (ni group) holding, it has been confirmed.the chinese firm intends to acquire 66.4 percent voting shares of k-electric (ke), a power distributor in pakistan, ni group holding said in a bourse filing with the dubai financial market (dfm) on thursday.the multinational conglomerate said talks about the proposed majority acquisition is still ongoing, and that it will make the necessary disclosure "in case of any material developments“.the chinese firm intends to acquire 66.4 percent voting shares of k-electric (ke), a power distributor in pakistan, ni group holding said in a bourse filing with the dubai financial market (dfm) on thursday.shanghai electric power co, one of the biggest players in china's energy sector, is seeking a majority stake in one of the subsidiaries of kuwait's national industries group (ni group) holding, it has been confirmed.the multinational conglomerate said talks about the proposed majority acquisition is still ongoing, and that it will make