Shanghai Electric Power withdraws offer to buy stake in Pakistan's K-Electric

Shanghai Electric Power withdraws offer to buy stake in Pakistan's K-Electric

A view of the K-Electric head office, with solar panels at the parking area, in Karachi, Pakistan, January 24, 2023. REUTERS/Akhtar Soomro/ File photo

Shanghai Electric Power Company withdrew its offer to acquire up to 66.4% of Pakistani power company K-Electric, the manager of the offer said in a notice to the Pakistan Stock Exchange on Monday.