Ingredion Incorporated announced it has entered into a conditional definitive agreement to sell a 51% stake in its Pakistan affiliate, Rafhan Maize Products Co. Ltd., to affiliates of the Nishat Group, a diversified conglomerate based in Lahore. Ingredion will retain a 20% ownership interest in Rafhan Maize following the transaction. The deal is contingent on the Nishat Group securing international financing that will enable Ingredion to receive its share of the sale proceeds in U.S. dollars. Closing is expected in the first half of 2026, pending regulatory approvals and other customary conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ingredion Incorporated published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-042993), on September 29, 2025, and is solely responsible for the information contained therein.