Engro Corporation Limited has entered into a Share Purchase Agreement with Lotte Chemical Pakistan Limited for the sale of its entire shareholding in Engro Polymer & Chemicals Limited (EPCL).
Under the agreement, Engro Corporation will sell its approximately 56.19% stake in EPCL for around PKR 19.7 billion, subject to regulatory approvals and other customary conditions.
Engro Moves To Recycle Capital
EPCL has been part of Engro’s portfolio since 1997 and has grown into Pakistan’s only integrated chlor-vinyl complex. The company supplies products including PVC resin, caustic soda and hydrogen peroxide to several downstream industries.
The transaction is part of Engro Holdings’ broader portfolio strategy following its restructuring in 2025. The group says the sale will allow it to unlock value from the investment and redirect capital towards future growth opportunities.
Lotte Chemical Sees Growth Opportunities
For Lotte Chemical Pakistan, the proposed acquisition is expected to create opportunities for greater operational efficiency, innovation and long-term expansion in the petrochemicals sector.
The company said the combination could generate synergies by bringing together the strengths of both businesses while supporting investment in technology, people, sustainability and future expansion.
Deal Still Needs Regulatory Approval
The proposed transaction is not yet complete. It remains subject to regulatory approvals and the fulfilment of other required conditions.
Both companies are expected to provide further updates as the transaction progresses in line with applicable regulatory requirements.
A Major Portfolio Move
The proposed EPCL sale represents another significant portfolio decision for Engro Holdings as it reshapes its investment strategy.
For Pakistan’s petrochemical industry, the transaction could also bring a new phase of ownership, investment and operational development for one of the country’s major industrial businesses.