Ingredion Agrees to Sell Majority Ownership in Rafhan Maize to Nishat Hotels and Properties in Pakistan-February 2024-www.financetom.com

Ingredion Agrees to Sell Majority Ownership in Rafhan Maize to Nishat Hotels and Properties in Pakistan

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Ingredion Agrees to Sell Majority Ownership in Rafhan Maize to Nishat Hotels and Properties in Pakistan

Sep 29, 2025 5:07 AM

07:44 AM EDT, 09/29/2025 (MT Newswires) -- Ingredion ( INGR ) said Monday it has signed a conditional deal to sell a 51% stake in Rafhan Maize to Nishat Hotels and Properties in Lahore, Pakistan.

Financial terms were not disclosed.

The food ingredients company will maintain a 20% stake in Rafhan, Ingredion ( INGR ) said, adding that it intends to complete the sale in H1 2026.

Ingredion ( INGR ) said that the sale is conditional pending the arrangement of global financing.

Previous page： From Pre-Seed to Pre-IPO: Witz Ventures Launches New SPV on Republic Featuring The Cashmere Fund and Access to xAI, SpaceX, and Perplexity Next page： GE Vernova's Strong Orders And Prolec Deal Signal Major Growth: Analyst

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

From Pre-Seed to Pre-IPO: Witz Ventures Launches New SPV on Republic Featuring The Cashmere Fund and Access to xAI, SpaceX, and Perplexity

Oct 23, 2025

NEW YORK--(BUSINESS WIRE)-- The Cashmere Fund announced that its diversified early-stage portfolio has been selected as a component of a new Special Purpose Vehicle (SPV) launched on Republic by Witz Ventures, curated by investor and financial creator Austin Hankwitz and his business partner Christian Blackwell. The SPV provides investors access to both emerging startups and late-stage category leaders, including xAI,...

GE Vernova's Strong Orders And Prolec Deal Signal Major Growth: Analyst

Oct 23, 2025

GE Vernova Inc. ( GEV ) reported a strong third quarter with orders surging 55% organically and announced it will acquire full ownership of Prolec GE, boosting its stake in North America’s transformer market and positioning the company to capture growing grid investment opportunities. Bank of America analyst Andrew Obin revised estimates for GE Vernova ( GEV ) following third-quarter...

Update: Sonic Automotive Shares Drop After Q3 Adjusted Earnings Miss

Oct 23, 2025

02:38 PM EDT, 10/23/2025 (MT Newswires) -- (Updates with latest share movement in the first paragraph and headline.) Sonic Automotive ( SAH ) shares fell about 14% on Thursday afternoon after the company reported Q3 adjusted earnings of $1.41 per diluted share, up from $1.26 a year earlier but below the $1.74 expected by analysts polled by FactSet. Revenue for...

Update: Valero Energy Shares Rise After Q3 Earnings Beat

Oct 23, 2025

02:37 PM EDT, 10/23/2025 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.) Valero Energy ( VLO ) shares rose 6.8% in recent Thursday trading after the company posted better-than-expected Q3 results. The company reported Q3 adjusted earnings Thursday of $3.66 per diluted share, up from $1.16 a year earlier. Analysts polled by...