Engro Corp agrees to sell over 56% EPCL stake

According to Mettis Link News, Lotte Chemical Pakistan has signed a share purchase agreement to acquire Engro Corporation's entire holding in Engro Polymer & Chemicals (EPCL), equal to 56.19% of its issued and paid-up ordinary capital. The deal carries a total value of Rs19.7 billion, or Rs38.6 per share, and was disclosed to the Pakistan Stock Exchange on Tuesday. Engro Corporation, a fully held unit of Engro Holdings, is the seller, while Lotte Chemical Pakistan is the buyer.

The agreement builds on disclosures made on March 13, 2026, and aims to transfer all of Engro Corporation's stake in EPCL to Lotte. The report notes that EPCL has been part of Engro's portfolio since 1997 and is the country's only integrated chlor-vinyl complex, supplying PVC resin, caustic soda and hydrogen peroxide. Completion depends on corporate and regulatory approvals and other agreed conditions, and the companies said they would keep the PSX updated on any later material steps.

Engro Holdings chief executive Abdul Samad Dawood called EPCL one of the group's flagship businesses and said the deal would let the group realise value from nearly three decades of involvement. Lotte Chemical Pakistan chief executive Adnan Afridi said the combination would create a stronger platform for growth, with synergies and complementary strengths supporting competitiveness. He added that the company remains committed to investing in people, technology and future expansion projects.