Pakistan Agribusiness Consolidation
Nishat Group acquires Rafhan Maize from Ingredion while Muhammad Farrukh bids for a controlling stake in Al Shaheer Corporation, signaling major ownership shifts in Pakistan's food sector.
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- UPDATENishat Group completes $165m acquisition of Rafhan Maize from Ingredion
The Pakistani conglomerate finalizes its takeover of the grain processor, marking a strategic expansion into agribusiness following the sale by US firm Ingredion.
- UPDATEMuhammad Farrukh moves to acquire controlling stake in Al Shaheer Corporation
The bid for a 53.5% share in the Pakistani meat exporter signals a major shift in ownership and strategic direction for the firm.
- EVENTMuhammad Farrukh moves to take 53.5% controlling stake in Al Shaheer Corporation
The acquisition plan signals a major shift in ownership for the Pakistani meat exporter, potentially reshaping its strategic direction amid broader market volatility.