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.
