JPMorgan, CLSA vie for US$2bil Pakistan power sale

KARACHI: 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 US$2bil, people with knowledge of the matter said.

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.