Mitsubishi Corporation (MC), a major Japanese conglomerate, has announced its decision to divest its entire 11.007% shareholding in Engro Polymer & Chemicals Limited (EPCL). This move marks a significant change in the foreign ownership structure of the Pakistani chemical manufacturing company.
The sale involves 100,053,562 shares of EPCL and has been formalized through a Share Purchase Agreement (SPA) signed between Mitsubishi Corporation and two local entities: Liberty Daharki Power Limited and Seagreen Enterprises (Private) Limited. The agreement was reached following direct negotiations between the parties.SSGC Board rejects Engro bigger FSRU
However, the transaction is not immediate and remains subject to the fulfillment of certain conditions precedent as outlined in the SPA. These include obtaining the necessary corporate and regulatory approvals before the transfer of shares can be completed.
On February 16, 2026, Mitsubishi Corporation officially requested EPCL’s Company Secretary, Mr. Saqib Rafiq, to notify the Pakistan Stock Exchange (PSX) and other relevant authorities about the impending sale. This step ensures transparent communication of the transaction to the public and stakeholders.
Engro Polymer & Chemicals Limited is a key player in Pakistan’s polymer and chemical sector, and Mitsubishi’s stake sale could influence the company’s shareholder dynamics and future strategic direction. The acquiring local firms, Liberty Daharki Power Limited and Seagreen Enterprises, will increase their holdings in EPCL upon completion of the deal.
This development comes amid broader shifts in the Pakistani corporate landscape, where foreign investors are adjusting their portfolios and local entities are expanding their stakes in domestic companies.
