Ingredion (INGR) has signed a conditional agreement to sell a 51% ownership interest in Rafhan Maize to Nishat Hotels and Properties Ltd., located in Lahore, Pakistan. Ingredion will retain a 20% ownership interest in Rafhan Maize. The transaction is expected to close in the first half of 2026. The company noted that the sale is conditional pending the arrangement of international financing.
Ingredion, headquartered in the suburbs of Chicago, is a global ingredient solutions provider serving customers in nearly 120 countries.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.