Pakistan, April 7 -- Engro Holdings Limited has officially terminated its share purchase agreements (SPAs) for selling thermal energy assets. This decision comes after Liberty Power Holdings and its consortium withdrew from the $400 million deal. The buyer cited alleged breaches as the reason for pulling out, but Engro strongly disputes these claims.

In a notice to the Pakistan Stock Exchange, Engro revealed it received a termination notice from the buyer on April 2, 2025. This notice aimed to cancel the SPAs effective from March 30. The deal, signed in April 2024, involved Liberty acquiring significant stakes in three companies owned by Engro. These included Engro Powergen Qadirpur Limited, Engro Powergen Thar, and Sindh Engro Coal Mini...