PTA Global Holding Ltd Acquires Majority Stake in Lotte Chemical Pakistan

In a major foreign investment development, UAE-based PTA Global Holding Limited has acquired a majority stake in Lotte Chemical Pakistan Limited (LCPL), marking one of the most significant corporate takeovers in Pakistan’s chemical and industrial sector in recent years.

According to an official disclosure filed with the Pakistan Stock Exchange (PSX), PTA Global Holding Limited purchased a total of 1,192,292,329 ordinary shares, representing approximately 78.74% of Lotte Chemical Pakistan’s issued and paid-up capital.

The acquisition underscores growing UAE-Pakistan investment ties and reflects renewed foreign confidence in Pakistan’s industrial market. Lotte Chemical Pakistan, one of the country’s leading producers of Purified Terephthalic Acid (PTA) — a key raw material used in the production of polyester fiber, films, and resins — plays a crucial role in Pakistan’s manufacturing and textile value chain.

The transaction makes PTA Global Holding the new controlling shareholder, succeeding South Korea’s Lotte Chemical Corporation, which had maintained ownership of the company since 2009. While financial details of the deal were not disclosed in the PSX notice, industry insiders estimate that the acquisition is valued at over $130 million, reflecting a premium based on LCPL’s current market performance and strong earnings outlook.

Market analysts view this takeover as a strategic move by the UAE-based firm to expand its footprint in South Asia’s growing petrochemical sector. The investment comes at a time when Pakistan is seeking to attract foreign direct investment (FDI) to strengthen its industrial base and boost export-oriented industries.

Following the announcement, LCPL shares saw increased activity at the Pakistan Stock Exchange, with traders anticipating further growth under new management. Analysts suggest that PTA Global Holding’s entry could bring technological upgrades, production optimization, and potential expansion of PTA production capacity in the coming years.

Industry experts also believe this acquisition could foster stronger industrial cooperation between Pakistan and the UAE, aligning with Pakistan’s ongoing efforts to attract Gulf investment under its Special Investment Facilitation Council (SIFC) initiative.

Lotte Chemical Pakistan Limited reported robust financial results in the last fiscal year, supported by improved global demand for PTA and efficient operational management. With the acquisition now complete, stakeholders expect the company to focus on innovation, sustainability, and energy efficiency in its next growth phase.