K-Electric no major shareholder has sold stake.

K-Electric's existing owners have confirmed that they are the majority shareholders in the integrated power company, which is available for sale for the past six years, and that China's Shanghai Electric Power is a top potential buyer.

They reaffirmed their stance in the wake of conflicting reports in the media that one of the three major shareholders had sold its stake to a new investor.

With the assertion, the consortium of Aljomaih Power Limited of Saudi Arabia, National Industries Group (Holding) of Kuwait and Infrastructure Growth Capital Fund (IGCF) has remained the majority shareholder in KE.

The...