External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Event-Driven

<ul>
<li>On Mar 10, 2026, Lotte Chemical Pakistan Limited (LOTCHEM) submitted a non-binding offer to acquire Engro Corporation Limited's (ENGRO) entire 56.19% shareholding in Engro Polymer &amp; Chemicals Limited (EPCL) or 511mn shares.</li>
<li>On Sep 01, 2026, ENGROH disclosed in a notice that ENGRO has entered an SPA with LOTCHEM for the sale of its entire 56.19% shareholding in EPCL (510.7mn shares).</li>
<li>This shall result in net EPS impact of Rs10.4/share and cashflow impact of Rs16.0/share on ENGROH.</li>
</ul>


On Mar 10, 2026, Lotte Chemical Pakistan Limited (LOTCHEM) submitted a non-binding offer to acquire Engro Corporation Limited's (ENGRO) entire 56.19% shareholding in Engro Polymer &amp; Chemicals Limited (EPCL) or 511mn shares.
On Sep 01, 2026, ENGROH disclosed in a notice that ENGRO has entered an SPA with LOTCHEM for the sale of its entire 56.19% shareholding in EPCL (510.7mn shares).
This shall result in net EPS impact of Rs10.4/share and cashflow impact of Rs16.0/share on ENGROH.


Topline Flash Note: Engro Holdings (ENGROH) - ENGRO to Divest Its Holding in EPCL