Nishat takes over Rafhan

LAHORE: In one of Pak­istan’s largest corporate takeovers in the food processing sector, Nishat Gro­up has acquired a 73.9 per cent controlling stake in Rafhan Maize Products Com­pany Ltd (RMPL), end­ing Ingredion USA’s decades-long majority ownership. Nishat Group announced on Tuesday that it had completed the acquisition of the controlling stake in RMPL. The shares were acquired principally from