LOTCHEM issues offer to acquire 56% stake in Engro Polymer

MG News | March 10, 2026 at 09:07 AM GMT+05:00

0:00

March 10, 2026 (MLN): Lotte Chemical Pakistan Limited's (PSX:LOTCHEM) Board of Directors has approved and issued a non-binding offer to Engro Corporation Limited for the acquisition of approximately 56.19% of the issued and paid-up share capital of Engro Polymer & Chemicals Limited.

The board has also authorized the company to commence due diligence and approved the issuance of a public announcement of intention pursuant to the Securities Act, 2015 and Listed Companies (Substantial Acquisition of Voting Shares and Takeover) Regulations, 2017.

The potential transaction remains subject to the completion of due diligence, execution of definitive agreements, and satisfaction of customary conditions, the company's filing on PSX revealed today.

Copyright Mettis Link News

Related News

Lotte Chemical faces earnings slump

PTA Global acquires majority stake in Lotte Chemical

Name	Price/Vol	%Chg/NChg
KSE100	157,481.30 68.68M	7.51% 11001.15
ALLSHR	94,501.14 109.43M	6.90% 6100.00
KSE30	48,563.05 34.42M	7.93% 3566.54
KMI30	226,769.15 29.77M	7.97% 16729.74
KMIALLSHR	61,253.87 60.07M	6.87% 3938.14
BKTi	45,850.83 15.98M	8.23% 3486.33
OGTi	33,566.05 3.51M	6.62% 2085.56

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,420.00	70,765.00 68,485.00	1215.00 1.76%
BRENT CRUDE	92.73	95.04 88.05	-6.23 -6.30%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-13.60 -12.04%
ROTTERDAM COAL MONTHLY	132.00	134.20 132.00	5.05 3.98%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	88.16	91.48 84.43	-6.61 -6.97%
SUGAR #11 WORLD	14.62	14.64 14.25	0.52 3.69%