Mergers & Acquisitions ·
Forafric Global PLC completed a transaction transferring a controlling 68% equity interest in its subsidiary Forafric…
AFRIWForafric Global PLC
Forafric Global PLC completed a transaction transferring a controlling 68% equity interest in its subsidiary Forafric Maroc to Cap Holding SA. Consideration included a MAD 100 million (approx. US$10 million) capital increase, reduction of approximately MAD 280 million (approx. US$28 million) in debt, and two years of non-dilutive financing for Forafric Maroc's requirements plus working capital support for the parent. Crédit Agricole du Maroc is expected to acquire a 7% minority stake via conversion of MAD 100 million in existing debt. The company also highlighted ongoing negotiations to acquire Millcorp Geneva SA, which represented approximately 25% of total assets in fiscal year 2025. Forafric Global PLC operates as a vertically integrated food security company serving Africa.