Ingredion (INGR) signed a conditional agreement to sell a 51% ownership interest in Rafhan Maize to Nishat Hotels and Properties, located in Lahore, Pakistan. Ingredion will retain a 20% ownership interest in Rafhan Maize. The sale is conditional pending the arrangement of international financing. The transaction is expected to close in the first half of 2026, subject to regulatory approvals and satisfaction of other customary closing conditions.
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