Equity Analysis /

ICI Pakistan: ICI emerges as a potential bidder for Pakistan’s sole PTA producer

  • ICI Pakistan Limited (ICI) has announced intention to acquire c.75.01% shareholding of Lotte Chemicals Pakistan Limited

  • The intention to acquire LOTCHEM leads to strong chance ICI skips its year-end dividend

  • Our back of the envelope estimates suggest that LOTCHEM trades at a 27% discount to its replacement cost PKR32.5/share

Ali Aziz Soorty
Intermarket Securities
25 July 2022


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