AEI acquires controlling interest in DHA Cogen

The Ashmore Energy International (AEI) announced on Wednesday that it has acquired a controlling interest in DHA Cogen Limited (DCL) located here. A statement said that closing of the acquisition, which includes AEI's right to hold up to a 52.99 percent interest in DCL, occurred July 18. It maintained that the terms of the transaction have not been disclosed.
The statement said that while the transaction marks AEI's first venture into the Middle East, the DCL acquisition strengthens AEI's overall Asian presence. It pointed out that AEI recently acquired Luoyang Yuneng Sunshine Cogeneration Co, Ltd in China, and previously acquired gas distribution franchises through the acquisitions of Beijing MacroLink Gas Co, Ltd and Tongda Energy Private Limited. "We are pleased to enter the Pakistani market and establish a presence in this fast-growing economy," Emilio Vicens, Vice President of Business Development, said of the transaction.