Lotte Chemical Pakistan Offers Majority Stake Acquisition of EPCL

Lotte Chemical Pakistan has proposed acquiring a 56.19% stake in Engro Polymer & Chemicals.

Lotte Chemical Pakistan Limited has offered to acquire a majority stake in Engro Polymer & Chemicals Limited, according to a disclosure submitted to the Pakistan Stock Exchange.

The company’s board of directors approved issuing a non-binding offer to Engro Corporation Limited to purchase approximately 56.19 percent of the issued and paid-up share capital of Engro Polymer & Chemicals.

In its filing, the company stated the board had authorized management to begin the due diligence process and proceed with a public announcement of intention in accordance with applicable takeover regulations.

If finalized, the transaction could mark a significant consolidation within Pakistan’s petrochemical industry by combining two major participants in the country’s chemical value chain.

The proposed acquisition follows recent changes in the ownership structure of Lotte Chemical Pakistan. In late 2025, Dubai-based PTA Global Holding acquired a controlling stake in the company as part of a restructuring of its multinational parent’s petrochemical operations.

Market observers say the potential deal could reshape competition in the domestic chemicals sector if it proceeds beyond the due diligence stage.