Engro to sell 56% stake in EPCL for Rs19.7b
The Express Tribune • • 1 min read
According to The Express Tribune, Engro Holdings has struck a deal to hand over its stake of about 56.19% in Engro Polymer & Chemicals to Lotte Chemical Pakistan for roughly Rs19.7 billion. The company disclosed the agreement on Tuesday, and completion remains conditional on regulatory clearances. The sale is being carried out through a share purchase pact signed by Engro Corporation, a fully owned subsidiary of the holding company.
Since 1997, EPCL has been a central component of Engro Corporation's holdings, playing a significant role in Pakistan's downstream petrochemicals industry. The firm runs the country's only integrated chlor-vinyl complex, supplying caustic soda, hydrogen peroxide and PVC resin to several downstream users.
The deal fits into the group's ongoing changes after its 2025 restructuring, which created Engro Holdings as its investment arm. Lotte Chemical Pakistan's chief executive, Adnan Afridi, said the combination would build a stronger platform for growth, citing synergies and complementary strengths that would enhance competitiveness.
At a glance
- Engro Holdings agreed to sell its roughly 56.19% stake in EPCL to Lotte Chemical Pakistan.
- The deal is valued at about Rs19.7 billion and needs regulatory approvals before completion.
- EPCL has sat at the core of Engro Corporation's holdings since 1997.
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Originally reported by The Express Tribune
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