上海电力终止购买KE公司66.4%股份

Core Viewpoint - Shanghai Electric has decided to terminate the acquisition of K-Electric Limited due to unmet conditions and changes in the business environment in Pakistan [1] Group 1: Acquisition Details - The company planned to acquire 183.36 billion shares of K-Electric, representing 66.40% of its total issued share capital, for a cash consideration of $1.77 billion [1] - An additional incentive payment of up to $27 million was to be provided based on the operational performance of K-Electric [1] Group 2: Reasons for Termination - The counterparty failed to meet the closing conditions outlined in the share purchase agreement [1] - Changes in the business environment in Pakistan led to the transaction no longer aligning with the company's international development strategy [1] - The company exercised its right to terminate the agreement based on the provisions of the share purchase agreement [1]