Acquiring Company
Lotte Chemical Pakistan Limited
Acquired Company
Engro Polymer & Chemicals Limited
Karachi DivisionRawalpindiManufacturingManufacturingDescription
Lotte Chemical Pakistan will acquire a 56.19% stake in Engro Polymer for Rs 19.7 billion, enhancing its chemicals portfolio. The deal gives Lotte Chemical a controlling interest in Engro Polymer, a key player in the Pakistani chemicals market. The acquisition is subject to regulatory approvals and customary closing conditions. This strategic move is expected to strengthen Lotte Chemical's footprint in various chemical sectors.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Engro Polymer & Chemicals Limited?
Engro Polymer & Chemicals Limited was acquired by Lotte Chemical Pakistan Limited, based in Karachi Division. The deal was reported on September 1, 2026. LCPL is a prominent producer of purified terephthalic acid (PTA), a crucial raw material for the polyester industry in Pakistan. Lotte Chemical Pakistan Limited is privately held and operates in Manufacturing.
When did Lotte Chemical Pakistan Limited acquire Engro Polymer & Chemicals Limited?
Lotte Chemical Pakistan Limited's acquisition of Engro Polymer & Chemicals Limited was reported on September 1, 2026. Lotte Chemical Pakistan will acquire a 56.19% stake in Engro Polymer for Rs 19.7 billion, enhancing its chemicals portfolio. The deal gives Lotte Chemical a controlling interest in Engro Polymer, a key player in the Pakistani chemicals market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Engro Polymer & Chemicals Limited do?
Engro Polymer & Chemicals Limited is a subsidiary of Engro Corporation Limited, dedicated to the manufacturing, marketing, and distribution of quality chlor-vinyl allied products and PVC under brand name 'SABZ'. It is privately held, operating in Manufacturing, and is based in Rawalpindi.
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