PC receives 10 EOIs for the IESCO acquisition
ISLAMABAD: The Privatisation Commission (PC) on Monday received ten (10) Expressions of Interest (EOIs) from prospective investors seeking to acquire 51 percent to 100 percent shareholding in Islamabad Electric Supply Company (IESCO) together with management control. The Privatisation of DISCOs Batch1 enters the next phase with continued strong investor interest in IESCO. The commission has…
The Privatisation Commission (PC) has received ten Expressions of Interest (EOIs) from prospective investors interested in acquiring 51% to 100% shareholding and management control in Islamabad Electric Supply Company (IESCO), as part of the privatisation of DISCOs Batch-1. This development marks a significant milestone in the privatisation process, with strong investor interest from both domestic and international parties.
The interested parties include investors from Turkey, as well as leading Pakistani business groups. IESCO is one of three electricity distribution companies included in DISCOs Batch-1, alongside Faisalabad Electric Supply Company (FESCO) and Gujranwala Electric Power Company (GEPCO). The Privatisation Commission has received an overwhelming response for IESCO, and now plans to engage constructively with the prequalified investors during the due-diligence process to establish an equitable, transparent and predictable post-privatisation regime.
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