Mitsubishi Corporation to Exit Engro Polymer & Chemicals with 11% Stake Sale

Engro Polymer & Chemicals Limited (EPCL) has announced that Mitsubishi Corporation, a foreign shareholder holding an 11.007% stake in the company, has entered into a Share Purchase Agreement (SPA) for the sale of 100,053,562 shares in EPCL. The transaction remains subject to the completion of conditions precedent, including the receipt of necessary corporate and regulatory approvals.


The SPA has been executed between Mitsubishi Corporation and Liberty Daharki Power Limited, along with Seagreen Enterprises (Private) Limited. According to Mitsubishi Corporation, the divestment will proceed once all required conditions are satisfied, resulting in a reduction of its ownership in EPCL.

EPCL will continue to provide timely updates regarding the progress of the transaction, including any developments related to approvals and the fulfillment of contractual conditions necessary for completion.


This divestment forms part of evolving changes in EPCL’s ownership structure, aligning with the company’s broader strategic direction. The disclosure was formally issued on behalf of Engro Polymer & Chemicals Limited by Company Secretary Saqib Rafique.