Ingredion has agreed to sell a 51% stake in Rafhan Maize to Nishat Hotels, retaining a 20% interest.
Quiver AI Summary
Ingredion Incorporated announced that it has signed a conditional agreement to sell a 51% stake in Rafael Maize to Nishat Hotels and Properties Ltd. in Lahore, Pakistan, while retaining a 20% interest in the company. The sale is subject to securing international financing and regulatory approvals, with expectations for closure in the first half of 2026. Ingredion, a global provider of ingredient solutions to the food and beverage sector, reported annual net sales of approximately $7.4 billion for 2024 and operates in nearly 120 countries, focusing on turning various plant-based materials into value-added solutions.
Potential Positives
- The conditional sale of a 51% ownership interest in Rafhan Maize demonstrates Ingredion's strategic approach to partnership and collaboration in international markets.
- Retaining a 20% ownership interest in Rafhan Maize allows Ingredion to maintain an ongoing stake and influence in the company, potentially benefiting from its future growth.
- This transaction signals confidence in the performance and value of Rafhan Maize, which could enhance Ingredion's reputation in the industry and attract future investments.
- By entering into this agreement, Ingredion is positioning itself to strengthen its financial structure, pending successful arrangements for international financing.
Potential Negatives
- The sale is conditional upon the arrangement of international financing, which introduces uncertainty regarding the completion of the transaction.
- Retaining only a 20% interest in Rafhan Maize may signal a strategic shift or reduced involvement in a key market.
- The need for regulatory approvals could extend the timeline for finalizing the transaction, potentially affecting the company's operational plans in the interim.
FAQ
What ownership interest is Ingredion selling in Rafhan Maize?
Ingredion is selling a 51% ownership interest in Rafhan Maize to Nishat Hotels and Properties Ltd.
What percentage of Rafhan Maize will Ingredion retain?
Ingredion will retain a 20% ownership interest in Rafhan Maize after the sale.
When is the transaction expected to close?
The transaction is expected to close in the first half of 2026, pending regulatory approvals.
What is the financial condition for the sale?
The sale is conditional upon the arrangement of international financing and other customary closing conditions.
What does Ingredion specialize in?
Ingredion specializes in providing ingredient solutions for the food and beverage industry globally.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$INGR Congressional Stock Trading
Members of Congress have traded $INGR stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $INGR stock by members of Congress over the last 6 months:
- REPRESENTATIVE LISA C. MCCLAIN has traded it 2 times. They made 1 purchase worth up to $15,000 on 06/24 and 1 sale worth up to $15,000 on 07/10.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$INGR Insider Trading Activity
$INGR insiders have traded $INGR stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $INGR stock by insiders over the last 6 months:
- JAMES P. ZALLIE (President and CEO) sold 36,287 shares for an estimated $4,591,140
- ROBERT A. RITCHIE (SVP, Food & Industrial Ingred.) has made 0 purchases and 2 sales selling 6,684 shares for an estimated $921,391.
- LARRY FERNANDES (SVP, Chief Comm & Sust Officer) has made 0 purchases and 3 sales selling 3,250 shares for an estimated $435,106.
- JORGE A. URIBE has made 0 purchases and 2 sales selling 0 shares for an estimated $65.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$INGR Hedge Fund Activity
We have seen 329 institutional investors add shares of $INGR stock to their portfolio, and 334 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 397,480 shares (-5.7%) from their portfolio in Q2 2025, for an estimated $53,906,237
- NORDEA INVESTMENT MANAGEMENT AB added 288,201 shares (+66.3%) to their portfolio in Q2 2025, for an estimated $39,085,819
- PACER ADVISORS, INC. removed 244,428 shares (-37.9%) from their portfolio in Q2 2025, for an estimated $33,149,325
- PRUDENTIAL FINANCIAL INC removed 211,187 shares (-32.4%) from their portfolio in Q1 2025, for an estimated $28,554,594
- GAMMA INVESTING LLC removed 162,630 shares (-99.2%) from their portfolio in Q2 2025, for an estimated $22,055,880
- MILLENNIUM MANAGEMENT LLC removed 152,901 shares (-41.8%) from their portfolio in Q2 2025, for an estimated $20,736,433
- UBS GROUP AG added 152,197 shares (+74.7%) to their portfolio in Q2 2025, for an estimated $20,640,957
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$INGR Analyst Ratings
Wall Street analysts have issued reports on $INGR in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Oppenheimer issued a "Outperform" rating on 04/22/2025
To track analyst ratings and price targets for $INGR, check out Quiver Quantitative's $INGR forecast page.
$INGR Price Targets
Multiple analysts have issued price targets for $INGR recently. We have seen 2 analysts offer price targets for $INGR in the last 6 months, with a median target of $153.0.
Here are some recent targets:
- Cody Ross from UBS set a target price of $151.0 on 07/09/2025
- Kristen Owen from Oppenheimer set a target price of $155.0 on 04/22/2025
Full Release
WESTCHESTER, Ill., Sept. 29, 2025 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage industry, today announced that it 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 sale is conditional pending the arrangement of international financing.
The transaction is expected to close in the first half of 2026, subject to regulatory approvals and satisfaction of other customary closing conditions.
About Ingredion
Ingredion Incorporated (NYSE: INGR), headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in nearly 120 countries. With 2024 annual net sales of approximately $7.4 billion, the Company turns grains, fruits, vegetables, and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. With Ingredion Idea Labs
®
innovation centers located around the world and more than 11,000 employees, the Company cocreates with customers and fulfills its purpose of bringing the potential of people, nature, and technology together to make life better. Visit
ingredion.com
for more information and the latest Company news.
CONTACTS:
Investors:
Noah Weiss, 773-896-5242
Media:
Rick Wion, 708-209-6323
