Ingredion Announces Conditional Sale of Equity in Rafhan Maize
1. Ingredion announces sale of 51% in Rafhan Maize to Nishat Hotels. 2. Ingredion retains a 20% stake post-transaction. 3. Sale hinges on securing international financing. 4. Transaction expected to close by mid-2026, pending approvals. 5. Ingredion's 2024 sales projected at $7.4 billion.