Engro to sell 18.53% stake in power unit, retains control

MG News | February 17, 2026 at 01:52 PM GMT+05:00

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February 17, 2026 (MLN): Engro Holdings Limited (PSX: ENGROH) is planning to divest approximately 18.53% of its shareholding in its subsidiary, Engro Powergen Qadirpur Limited (EPQL), while maintaining majority ownership and management control.

In a material disclosure to the Pakistan Stock Exchange Limited (PSX), the company said the transaction will be executed through its wholly owned unit Engro Energy Limited (EEL).

Following the sale, Engro Holdings will retain roughly 50.36% equity in EPQL, ensuring continued operational control of the power producer.

The company did not disclose the buyer, the deal value, or the completion timeline.

EPQL operates a gas-fired power plant at the Qadirpur gas field and is a key asset within Engro’s energy portfolio.

The partial divestment signals a potential portfolio rebalancing while preserving strategic influence over the asset.

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