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Shanghai electric seeks stake in $2.3bn Pak utility

  Bloomberg Shanghai Electric Power Co. said it’s seeking a stake in K-Electric Ltd., the $2.3 billion Pakistani utility, in what could become its largest overseas deal. The Chinese company is doing preliminary preparation work on acquiring a stake in K-Electric and hasn’t decided how much it will buy, it said in a Shanghai exchange filing Monday. Shanghai Electric Power ...

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Myanmar cuts skyscrapers down to size

  Bloomberg Developer Bo San had already sold all the units in his 12-story high-rise in Yangon in Myanmar when he was forced to halt construction. Three months later he faces the task of having to remove two floors to comply with new height regulations, at a cost of $8 million. Since May, the regional government of Aung San Suu ...

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Renesas in talks for $3bn Intersil acquisition

  Bloomberg Japan’s Renesas Electronics Corp. is in talks to acquire U.S. chipmaker Intersil Corp. for about 300 billion yen ($3 billion), a person with knowledge of the matter said. No agreement has been reached, and the discussions may not result in a deal, the person said, asking not to be identified as the information is private. Renesas shares erased ...

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