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Ingredion Completes Sale of Majority Equity Stake in Pakistan Business

$INGRPress releaseJun 30, 2026, 6:50 AM ETRead the release

Ingredion completed the sale of a 51% equity interest in its Pakistan subsidiary, Rafhan Maize, to a group led by Nishat Hotels and Properties Ltd for approximately $165 million. The company retains a 20% ownership interest in the business, which reported net sales of roughly $250 million for the full year 2025.

Key figures

Deal Value Usd
165000000
Stake sold
51%
Stake retained
20%
Total net sales 2025
$7.2 billion
Pakistan net sales 2025
$250 million

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