Forafric Global Completes Landmark Cap Holding Transaction, Positioning Forafric Maroc for Next Phase of Growth
Closing concludes transformation of Forafric Maroc and marks another key milestone in execution of Forafric Global’s long-term strategic roadmap
Strategic roadmap continues with focus on complementary growth opportunities and expansion of global capabilities in Defense, Energy and Food Security verticals
Forafric Global PLC (Nasdaq: AFRI) (“Forafric Global” or the “Company”), a leading vertically integrated food security company serving Africa, today announced the completion of the previously announced transaction through which its wholly owned subsidiary, Forafric Agro Industries, transferred a controlling interest in Forafric Maroc S.A. (“Forafric Maroc”) to Cap Holding SA (“Cap Holding”), a leading Moroccan industrial group.
The transaction concludes restructuring and transformation program at Forafric Maroc that strengthened the company’s operating and financial foundations, enhanced business resilience and positioned the business for its next phase of growth.
