business
February 15, 2019
JPMorgan, CLSA vie for $2bln Pakistan power sale
JPMorgan Chase & Co, CLSA and Credit Suisse Group AG are among foreign banks pitching for a role on Pakistan’s biggest privatisation in over a decade, which could raise around $2 billion, people with knowledge of the matter told Bloomberg.The government’s sale of two LNG-fired power plants could draw interest from Chinese and Middle Eastern investors, one of the people said, asking not to be identified because the information is private. Pakistan received about 10 bids from groups seeking...