Abacus appointed as Advisor for Privatisation of LESCO

Abacus, as part of the winning consortium of Financial Advisors led by BMA Capital and China Development Bank, has been appointed to advise the Privatisation Commission on the privatization of Lahore Electric Supply Co. The transaction is to be completed in two phases. Abacus’ mandate in the first phase (Transaction Preparation) is to perform a comprehensive review of Manpower issues and HR assessment of the distribution company, and make recommendations on relevant challenges and issues. In the second phase (Sale), we would be involved in transaction support services towards marketing and executing the transaction.