Mitsubishi Corporation (MC) has officially announced its decision to divest its shareholding in Engro Polymer & Chemicals Limited (EPCL). The Japanese corporation currently holds an 11.007% stake in the company. Consequently, MC has entered into a Share Purchase Agreement (SPA) to sell these shares.
Following direct negotiations, Mitsubishi Corporation signed the agreement with two local entities. The buyers are M/s. Liberty Daharki Power Limited and M/s. Seagreen Enterprises (Private) Limited.
Under this agreement, MC is selling a total of 100,053,562 shares in EPCL. This move marks a significant shift in the company’s foreign shareholding structure.
However, the sale is not immediate. The transaction is subject to the completion of specific conditions precedent outlined in the SPA. This includes securing appropriate corporate and regulatory approvals.
In a formal letter dated February 16, 2026, Mitsubishi Corporation requested EPCL Company Secretary Mr Saqib Rafiq to inform the Pakistan Stock Exchange (PSX). Furthermore, they requested disclosure to any other pertinent authorities to ensure the information is disseminated to the public effectively.
