Lotte Chemical To Buy Engro Polymer In Rs. 19.7 Billion Deal

Engro Corporation Limited and Lotte Chemical Pakistan Limited have reached a share purchase agreement to transfer Engro Polymer & Chemicals Limited, which represents 56.19 percent of Engro Corp’s issued and paid-up ordinary share capital. The deal values the transaction at approximately Rs. 19.7 billion, with shares priced at Rs.

38.6 each. Engro Holdings Limited, the parent company, will facilitate the transfer and ensure compliance with regulatory approvals and other customary conditions. Engro Corp, a wholly owned subsidiary of Engro Holdings, will relinquish its stake in Engro Polymer to Lotte Chemical Pakistan. This transaction aligns with Engro Corp’s portfolio strategy post-restructuring in 2025, enabling the company to recycle capital into future growth opportunities and bolster its position within a larger petrochemicals platform.

Engro Polymer, established in 1997, is Pakistan’s sole fully integrated producer of PVC resin and caustic soda, offering a comprehensive range of industrial chemicals. The merger is expected to enhance operational excellence, synergy realization, and long-term shareholder value.