Engro Corp agrees to sell over 56% EPCL stake
Lotte Chemical Pakistan Limited has entered into a share purchase agreement with Engro Corporation Limited for the acquisition of its entire shareholding in Engro Polymer & Chemicals Limited (EPCL), involving approximately 56.19% of EPCL’s issued and paid-up ordinary share capital. The transaction, disclosed separately by Engro Holdings Limited, Lotte Chemical Pakistan Limited and EPCL to the Pakistan Stock Exchange (PSX) on Tuesday, carries an aggregate value of Rs19.7 billion, equivalent to Rs38.6 per share. Engro Corp, a wholly owned subsidiary of Engro Holdings, is the seller in the transaction, while Lotte Chemical Pakistan is the acquirer. The transaction follows the parties’ earlier disclosures dated March 13, 2026, and is aimed at transferring Engro Corp’s entire stake in EPCL to Lotte Chemical Pakistan. According to the filings, completion of the transaction remains subject to the fulfilment of conditions agreed under the share purchase agreement, including receipt of corporate and regulatory approvals and applicable consents.