Ingredion Announces Conditional Sale of Equity in Rafhan Maize

Group 1 - Ingredion Incorporated has signed a conditional agreement to sell a 51% ownership interest in Rafhan Maize to Nishat Hotels and Properties Ltd. while retaining a 20% ownership interest [1] - The transaction is expected to close in the first half of 2026, pending regulatory approvals and other customary closing conditions [2] - Ingredion reported annual net sales of approximately $7.4 billion for 2024, serving customers in nearly 120 countries [3]