Lotte to buy Engro's 56% EPCL stake for Rs19.7B
What's the deal? Lotte Chemical Pakistan LimitedDealroom has a profile for this one. Try Dealroom → has agreed to buy Engro Corporation LimitedDealroom has a profile for this one. Try Dealroom →'s entire 56.19% stake in Engro Polymer & Chemicals LimitedDealroom has a profile for this one. Try Dealroom → (EPCL). The deal carries an aggregate value of Rs19.7 billion, or Rs38.6 per share.
Who's who? Engro Corp, a wholly owned subsidiary of Engro Holdings LimitedDealroom has a profile for this one. Try Dealroom →, is the seller. Lotte Chemical Pakistan is the acquirer of the controlling stake.
Why now? The share purchase agreement follows earlier disclosures the parties made on March 13, 2026. All three companies — Engro Holdings, Lotte Chemical Pakistan, and EPCL — disclosed the transaction separately to the Pakistan Stock ExchangeDealroom has a profile for this one. Try Dealroom → on Tuesday.
What could go wrong? Completion remains subject to conditions agreed under the agreement, including corporate and regulatory approvals and applicable consents. The companies said they will notify the exchange of any further material developments.
The signal: Once completed, the deal hands Lotte Chemical Pakistan a controlling interest in EPCL, consolidating ownership of the polymer and chemicals producer under a single buyer.
Read more: mettisglobal.news
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