KARACHI: The Wall Street Journal on Friday reported that a North Africa deal team is asking liquidators of Abraaj Group to consider “an amicable separation” of the unit from the rest of the firm.

The Dubai-based private-equity firm started liquidation proceedings in June this year.

A document reviewed by the WSJ Pro Private Equity shows ‘the fund’s roster of investors would remain in place and an advisory firm would be appointed to supervise the new setup as a guardian’. Abraaj veteran Ahmed Badreldin would continue to lead the North Africa investing team, according to WSJ news report.

The company owns controlling share along with management control in K-Electric, Pakistan’s largest integrated power utility, as well as an oil refinery and has plans for a large investment in the healthcare sector.

Published in Dawn, August 4th, 2018