Engro exits EPCL after three decades, sells stake to Lotte Chemical Pakistan for $71mn

Engro Corporation, a wholly owned subsidiary of Engro Holdings, has agreed to sell its entire stake in Engro Polymer & Chemicals (EPCL) to Lotte Chemical Pakistan, according to Business Recorder. The holding equals 56.19% of EPCL's ordinary shares and is valued at roughly Rs19.7 billion, or about $70.95 million. Completion depends on approvals from regulators and other standard terms.

EPCL has been part of Engro's portfolio since 1997, and Engro describes it as Pakistan's sole integrated chlor-vinyl complex. Its output includes PVC resin, caustic soda and hydrogen peroxide, supplied to several downstream industries. The sale follows a 2025 restructuring that created Engro Holdings as the group's investment arm, and comes after the $562 million Deodar transaction.

Abdul Samad Dawood, CEO of Engro Holdings, said the deal would let the group realise value from nearly three decades of work and put capital toward new opportunities. Adnan Afridi, CEO of Lotte Chemical Pakistan, said the combination would give both businesses a firmer base for growth and innovation.