TURKEY > UAE based Abraaj Group Acquires Stake in Netlog Lojistik Hizmetleri, Turkey’s Largest Logistic Company

Netlog Lojistik Dubai, UAE based Abraaj Group has acquired a significant minority stake in Turkey’s largest logistic company, Netlog Lojistik Hizmetleri, a company that operates in both Europe and Asia. Netlog offers a complete supply chain solution by maintaining 65 warehouses with a combined area of more than 1.1 million square meters and owning a fleet of 3200 transport vehicles. Founded in More …

PAKISTAN > Chinese state owned power entities vying for controlling stake in Karachi based K-Electric

k-electric State owned Chinese companies are pushing to buy a $1.5 billion controlling stake in K-Electric. K-Electric Limited, formerly known as Karachi ElectricSupply Company Limited (KESC), is at present the only vertically-integrated power utility in Pakistan that manages the generation, transmission and distribution of electricity to the city of Karachi – according to its website. According to K-Electric’s website, it was established More …