Karachi: Engro Holdings Limited has announced a significant transaction involving its subsidiary, Engro Corporation Limited, which has entered into a share purchase agreement with Lotte Chemical Pakistan Limited for the sale and transfer of its entire shareholding in Engro Polymer & Chemicals Limited. The transaction, detailed in a disclosure report dated September 1, 2026, represents approximately 56.19% of the issued and paid-up ordinary share capital of Engro Polymer & Chemicals Limited, with an aggregate transaction value of PKR 19.7 billion, or PKR 38.6 per share.

According to information available from the Pakistan Stock Exchange (PSX), the completion of the transaction is contingent upon several conditions as outlined in the share purchase agreement. These include the receipt of necessary corporate and regulatory approvals, as well as applicable consents. Engro Holdings Limited has committed to keeping the exchange informed of any further material developments in this matter.

The transaction marks a pivotal moment for Engro Holdings Limited, aligning with regulatory requirements set forth in Section 96 of the Securities Act, 2015, and Rule 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited. The sale and transfer of the stake is a strategic move for both Engro Corporation Limited and the acquirer, Lotte Chemical Pakistan Limited, as they navigate the evolving market landscape.