{
  "id": 4796849,
  "title": "Engro exits EPCL after three decades, sells stake to Lotte Chemical Pakistan for $71mn",
  "url": "https://urgent.news/2026/09/01/engro-exits-epcl-after-three-decades-sells-stake-to-lotte-chemical",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-01T05:21:12.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40437363/engro-exits-epcl-after-three-decades-sells-stake-to-lotte-chemical-pakistan-for-71mn"
  },
  "original_language": "en",
  "account": "Engro Corporation Limited, the wholly-owned subsidiary of Engro Holdings Limited, has recently agreed to sell its entire shareholding in Engro Polymer & Chemicals Limited (EPCL) to Lotte Chemical Pakistan Limited. The deal involves the transfer of approximately 56.19% of EPCL's issued and paid-up ordinary share capital, with a consideration amounting to roughly $70.95 million. This sale is subject to regulatory approvals and other customary conditions.\n\nEPCL has been a significant part of Engro Corporation's portfolio since 1997, playing a crucial role in the development of Pakistan's downstream petrochemicals sector. Over the years, Engro has expanded the business, establishing EPCL as the only integrated chlor-vinyl complex in Pakistan. The company has become a key supplier to various downstream industries, providing products such as PVC resin, caustic soda, and hydrogen peroxide.\n\nIn 2025, Engro underwent a restructuring that led to the creation of Engro Holdings as its investment arm. Since then, Engro Holdings has actively implemented its mandate, including a significant $562 million Deodar transaction. The Share Purchase Agreement with Lotte Chemical Pakistan Limited marks another significant step in Engro's journey, as it aims to realize the value and learnings gained through its partnership with EPCL over the past three decades.\n\nEngro Holdings CEO Abdul Samad Dawood expressed his belief that this transaction would allow the company to realize the value created through the EPCL journey while unlocking synergies for EPCL within a larger petrochemicals platform. At the same time, it would enable Engro to pursue new investment opportunities and build a resilient portfolio that compounds value for shareholders over the long term.\n\nOn the other hand, Lotte Chemical Pakistan Limited CEO Adnan Afridi highlighted that the combination would create a stronger platform for sustainable growth, operational excellence, and innovation. The identified synergies, along with the complementary strengths of both businesses, would enhance their competitiveness and enable them to deliver greater value to their customers and stakeholders through the proposed transaction.",
  "summary": "Engro Holdings Limited’s wholly-owned subsidiary, Engro Corporation Limited, has entered into a Share Purchase Agreement (SPA) with Lotte Chemical Pakistan Limited for the sale and transfer of its entire shareholding in Engro Polymer & Chemicals Limited (EPCL). The sale represents approximately 56.19% of EPCL’s issued and paid-up ordinary share capital, for a consideration of approximately Rs19.7…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}