Engro Corp receives offer from Lotte Chemical to acquire stake in EPCL

PAKISTAN

Engro Holdings Limited has informed that its subsidiary, Engro Corporation Limited, has received a non-binding offer from Lotte Chemical Pakistan Limited for the acquisition of approximately 56.19 percent of the paid-up share capital of Engro Polymer & Chemicals Limited (EPCL).

According to the disclosure, the offer follows a Public Announcement of Intention issued on March 10, 2026, and relates to the entire shareholding held by Engro Corp in EPCL.

The board of Engro Corp, at its meeting held on March 12, 2026, reviewed the offer and authorized the company’s management to negotiate and finalize the terms and conditions of the proposed transaction, including the preparation of related transaction documentation.

The management has also been directed to present the finalized proposal to the board for its consideration and approval.

The company stated that shareholders will be kept informed about further developments through subsequent announcements as the process progresses. – ER News Desk

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