• Ingredion completed the sale of its 51% stake in Pakistan-based Rafhan Maize Products to Nishat Group affiliates led by Nishat Hotels and Properties.
• Cash proceeds totaled about USD 165 million, received in U.S. dollars.
• The buyer group took about 78% of Rafhan Maize, including Ingredion’s stake; Ingredion kept about a 20% minority interest.
• Rafhan Maize generated about USD 250 million of net sales in 2025.
• A shareholders agreement includes a put option starting in year five; supply and distribution agreements were signed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ingredion Incorporated published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001046257-26-000210), on June 30, 2026, and is solely responsible for the information contained therein.