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Recent Updates — AFRIW

August 5, 2026View Source ↗

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.

July 16, 2026View Source ↗

On July 13, 2026, Forafric Agro Industries Limited entered into a Share and Credit Purchase Agreement to sell 100% of the share capital of Forafric Portugal to Mr. Farid Rehmani. The transaction is valued at US$1,400,000 and is subject to customary conditions precedent, including an escrow arrangement for the purchase price. Closing is anticipated by November 3, 2026. Forafric Global PLC is an agribusiness company involved in food production.