MTC Advises Lotte Chemical Corporation On Its Divestment Of Lotte Chemical Pakistan Limited

Mohsin Tayebaly & Co. is pleased to announce that it acted as Pakistani sell-side legal counsel to Lotte Chemical Corporation in relation to the sale and divestment of its entire shareholding (representing approximately 75.01% of the total issued and paid-up share capital) in Lotte Chemical Pakistan Limited to PTA Global Holding Limited, a joint venture between AsiaPak Investments Limited and Montage Commodities FZCO.

This transaction represents a strategic development for our client and involved a range of corporate, financing, regulatory and cross-border considerations.

The completion of the divestment successfully occurred on November 12, 2025, following the successful fulfilment of all closing conditions and applicable legal and regulatory requirements. As a consequence of the transaction structure, the sale also triggered a mandatory public offer, which was successfully completed in September 2025.

Given the cross-border nature of the transaction, we had the privilege of working alongside Shin & Kim LLC, who acted as Korean sell-side legal counsel.

We extend our sincere appreciation to our client for their trust throughout this process, as well as to all advisors and stakeholders involved for their professionalism and collaborative approach. The successful conclusion of this matter underscores our firm’s capability in handling sophisticated, cross-border M&A matters and delivering solutions aligned with our clients’ strategic objectives.

MTC’s team on this matter was led by Mehreen Manto (Partner) and included Kanza Rizvi (Senior Associate) and Arsalan Abid Bachani (Associate).