AEI Expands into Pakistan, Strengthens Asian Presence: Market Watch

HOUSTON, Jul 22, 2008 (BUSINESS WIRE) -- AEI announced today that it has acquired a controlling interest in DHA Cogen Limited (DCL), located in Karachi, Pakistan. Closing of the acquisition, which includes AEI's right to hold up to a 52.99 percent interest in DCL, occurred July 18. The terms of the transaction have not been disclosed.
While the transaction marks AEI's first venture into the Middle East, the DCL acquisition strengthens AEI's overall Asian presence. 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. "This acquisition strengthens our presence in Asia and demonstrates our commitment to growing AEI's platform in this region."

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