Photographer: Asim Hafeez/Bloomberg

Chinese Suitors Said to Vie for $1.5 Billion Stake in K-Electric

Updated on
  • Golden Concord, Shanghai Electric Power in final bidding round
  • Engie, investment fund also seek control of Pakistani utility

Chinese clean-energy group Golden Concord Holdings Ltd. is competing with Shanghai Electric Power Co. for control of K-Electric Ltd., the $2.3 billion Pakistani utility, people with knowledge of the matter said.

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