Ingredion evaluating offers for stake sale in Rafhan Maize

MG News | May 02, 2025 at 09:45 AM GMT+05:00

0:00

May 02, 2025 (MLN): Ingredion Incorporated has received several non-binding offers for a potential sale of part of its equity stake in Rafhan Maize Products Company Limited (PSX: RMPL), according to an official notification issued to the Pakistan Stock Exchange.

The global ingredients solutions provider is currently reviewing these proposals. Any decision on proceeding with the transaction will depend on securing all necessary internal and regulatory approvals, complying with applicable laws, and executing definitive agreements.

While details regarding the size or valuation of the stake under consideration remain undisclosed, the development has stirred interest in the local capital market, given Rafhan Maize’s strong financial standing and dominant position in the food and industrial ingredients sector.

Ingredion holds a majority stake in Rafhan Maize, which manufactures a wide range of products including starches, sweeteners, and glucose used across various industries such as food, beverages, textiles, and pharmaceuticals.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,672.04 445.22M	0.89% 1498.66
ALLSHR	102,034.89 1,183.13M	0.89% 901.14
KSE30	51,809.61 215.26M	1.15% 591.24
KMI30	244,986.87 146.15M	1.11% 2692.35
KMIALLSHR	66,123.66 456.32M	1.13% 736.83
BKTi	48,171.04 144.41M	1.14% 545.15
OGTi	35,705.20 10.10M	1.47% 516.25

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,990.00	79,095.00 77,690.00	-245.00 -0.31%
BRENT CRUDE	106.00	107.48 103.41	0.93 0.89%
RICHARDS BAY COAL MONTHLY	103.25	0.00 0.00	-0.75 -0.72%
ROTTERDAM COAL MONTHLY	102.50	102.50 102.50	-0.30 -0.29%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	95.04	97.85 92.68	-0.81 -0.85%
SUGAR #11 WORLD	14.10	14.16 13.87	0.21 1.51%