IESCO privatization moves ahead with 10 prequalified bidders
Three Turkish energy firms and several Pakistani groups will get access to IESCO's data room, while a Deutsche Bank-led consortium ranked first to advise on State Life's sale.
The Privatization Commission prequalified 10 domestic and foreign investors for the IESCO sale.
The shortlist includes three Turkish energy firms and several Pakistani business groups and consortia.
Qualified bidders move to a virtual data room stage for detailed due diligence.
IESCO is in the first batch of power distribution companies, with FESCO and GEPCO.
A Deutsche Bank-led consortium ranked first as financial adviser for State Life; this does not mean State Life is sold.