Engro Polymer & Chemicals Limited (EPCL) has disclosed that its parent company, Engro Corporation Limited, has entered into an agreement with Lotte Chemical Pakistan Limited for the sale and transfer of its entire shareholding in the company.
According to the disclosure submitted to the Pakistan Stock Exchange on September 1, 2026, Engro Polymer & Chemicals was informed by Engro Corp on August 31 that a share purchase agreement had been signed with Lotte Chemical Pakistan Limited, referred to as the acquirer in the disclosure.
The transaction represents a significant development for Engro Polymer & Chemicals, as it involves the proposed transfer of Engro Corporation’s entire shareholding in the company to Lotte Chemical Pakistan.
However, the transaction has not yet been completed. The company stated that completion remains subject to conditions agreed under the share purchase agreement, including obtaining the necessary corporate and regulatory approvals and applicable consents.
The disclosure also clarified that Engro Polymer & Chemicals will continue to keep the Pakistan Stock Exchange informed about any further developments related to the transaction.
The announcement was made under Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange Rule Book.
For investors and market participants, the next key steps will be the fulfillment of the transaction’s agreed conditions and receipt of the required approvals. Until those conditions are satisfied, the proposed share transfer remains subject to completion.
