Karachi: Lotte Chemicals Pakistan Limited has formally announced its intention to acquire voting shares and assume control of Engro Polymer Chemicals Limited. The declaration was made public through a notice published on March 12, 2026, in the Business Recorder and Nawa-i-Waqt newspapers. This move is in compliance with Regulation 6(5) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

The announcement, facilitated by Arif Habib Limited acting as the manager to the offer, marks a significant step in the acquisition process. Lotte Chemicals Pakistan aims to secure a substantial stake in Engro Polymer, a move that could reshape dynamics within the chemical sector.

According to information available from the Pakistan Stock Exchange (PSX), Lotte Chemicals Pakistan’s bid for Engro Polymer comes amidst a backdrop of strategic acquisitions in the industry. The acquisition plan underlines Lotte Chemicals’ strategy to expand its footprint in the region, leveraging Engro Polymer’s existing market presence.

Stakeholders and interested parties have been advised to contact Arif Habib Limited for further details or clarifications regarding the acquisition process. The financial implications and future strategies post-acquisition remain closely watched by market analysts and industry participants.