Thai chemical giant Indorama Ventures will officially become a co-founder of EPL Limited, acquiring a 51.8% controlling stake in the company through the transaction.

Meanwhile, global private equity giant Blackstone Group will hold a 16.6% stake in the newly merged entity. This equity structure adjustment marks a significant upgrade in the strategic layout of EPL Limited. The addition of Indorama Ventures as a co-sponsor is expected to strengthen its ability to integrate resources in the global chemical industry; while the continued shareholding of Blackstone Group demonstrates the capital market's strong confidence in the development prospects of the merged entity. Industry observers point out that the deepening cooperation among the three parties will reshape the competitive landscape of the industry. The clear allocation of controlling rights not only secures Indorama Ventures' leading position but also brings a diversified balance to the equity structure through the introduction of a strategic investor like Blackstone. This configuration is conducive to the long-term stability of the company's strategy and also reserves flexibility for future capital operations.