Sajo Industries Company Limited (KOSE:A007160) signed a definitive agreement to acquire Business of Ingredion Incorporated in South Korea on November 10, 2023. The transaction is expected to close in the first quarter of 2024, subject to regulatory approvals and satisfaction of other customary closing conditions. Citigroup Inc. (NYSE:C) acted as financial advisor and Kim & Chang acted as legal advisor to Ingredion Incorporated (NYSE:INGR).