K-Electric shows interest in acquiring Government’s KAPCO stake

Karachi, Pakistan Stock Exchange informed that they would like to confirm that K-Electric has submitted its Expression of interest to privatization Commission of Pakistan in respect of divestment of GOP shares in Kot Addu Power Company Limited. It is pertinent to mention that the KE Board of Directors has for the time being only approved to submit EOI. The submission of bid if any shall be subject to due diligence and on the basis of a separate Board approval in future.