• Most Popular
  • Most Shared

Dubai's Abraaj Capital buys into Karachi Electric

Wed Oct 15, 2008 4:51am EDT

Stocks

   

DUBAI, Oct 15 (Reuters) - Dubai-based private equity firm Abraaj Capital said on Wednesday it had bought a stake in Karachi Electric Supply Co (KESC.KA), but did not give a value for the deal.

Abraaj, which manages about $5 billion of funds, was buying "new shares in KES Power Ltd, giving Abraaj a 50 percent stake and management control of the firm", it said in a statement. (Reporting by John Irish; editing by Inal Ersan)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets