Engro to sell entire EPCL stake to Lotte for Rs19.7bn

Engro Corporation has agreed to sell its full 56.19 per cent holding in Engro Polymer & Chemicals Limited (EPCL) to Lotte Chemical Pakistan for about Rs19.7 billion. Business Recorder reported that the deal depends on approvals from regulators and other standard terms. The announcement came from Engro Holdings, the parent of Engro Corporation, and names Lotte Chemical Pakistan as the buyer.

EPCL has been part of Engro Corporation's portfolio since 1997, and the group describes its chlor-vinyl operation as the country's sole integrated complex of that kind. Its output includes PVC resin and caustic soda, along with hydrogen peroxide, which feed downstream industries. Engro Holdings also credited the company with building technical skills in manufacturing and acting as a school for engineers working in petrochemicals.

The sale follows the 2025 restructuring, which set up Engro Holdings as an investment vehicle for the group. The company said the move fits its approach of redeploying capital into new growth opportunities. Chief executive Abdul Samad Dawood called EPCL one of the group's flagship businesses and said the deal lets the group capture value built over almost three decades while pursuing fresh investments. Completion still depends on approvals, and further updates will follow as regulations require.