Ingredion completes $165M sale of majority stake in Rafhan Maize, retains 20%

Ingredion completed the sale of a 51% stake in Rafhan Maize for about $165 million in cash while retaining a ~20% interest.Key Highlights:Original SEC Filing: Ingredion Inc [ INGR ] - 8-K - Jun. 30, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifying important informa…

Ingredion completed the sale of a 51% stake in Rafhan Maize for about $165 million in cash while retaining a ~20% interest.

Key Highlights:

Sold 51% of Rafhan Maize to Nishat Group affiliates; purchaser acquired ~78% of outstanding shares.
Ingredion received approximately $165 million in U.S. dollars in aggregate cash consideration.
Rafhan Maize generated about $250 million of net sales in 2025; it is not a reportable segment.
Ingredion retains ~20% minority interest with a shareholders agreement including a put option exercisable in year five.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.