- LOTTE Chemical sold its 75.01% stake in LCPL for KRW 98 billion.
- Including dividends, the total secured amount is KRW 127.6 billion.
- The buyer is PTA Global Holding Ltd., formed by API and Montage Commodities FZCO.
- The transaction was finalized on October 12, 2025.
Transaction Details
LOTTE Chemical has completed the sale of its 75.01% stake in LOTTE CHEMICAL Pakistan Limited (LCPL) to PTA Global Holding Ltd. The transaction, finalized on October 12, 2025, secured a total of KRW 127.6 billion, including KRW 29.6 billion in cumulative dividends received over the past three years.
Involved Parties
The buyer, PTA Global Holding Ltd., is a special purpose vehicle jointly established by AsiaPak Investments Limited (API), a Pakistani private equity fund, and Montage Commodities FZCO, a UAE-based petroleum and petrochemical trading company.
LCPL Operations
LCPL is a producer of high-purity terephthalic acid (PTA), with an annual production capacity of 500,000 tons. PTA is primarily used in polyester fibers, industrial yarns, and PET bottles.
Strategic Implications
Since 2023, LOTTE Chemical has classified LCPL as a non-core business, focusing on commodity products. The divestment aims to reduce management uncertainties related to bailout risks and exchange rate fluctuations in Pakistan, while strengthening LOTTE Chemical's financial health. The company plans to continue restructuring efforts to enhance its competitiveness and expand its portfolio in high-value specialty materials and high-performance engineering plastics.
