DivestmentAug 5, 2026, 04:48 PM
Forafric Global Divests Controlling Stake in Forafric Maroc
AI Summary
Forafric Global PLC announced the completion of a transaction where its subsidiary transferred a 68% controlling interest in Forafric Maroc S.A. to Cap Holding SA. This strategic move concludes a restructuring program for Forafric Maroc, strengthening its operations and positioning it for future growth, while establishing a long-term industrial partnership. As part of the deal, Cap Holding invested MAD 100 million ($10 million) and reduced Forafric Maroc's debt by MAD 280 million ($28 million). Forafric Global also continues to pursue the potential acquisition of Millcorp Geneva SA to expand its international platform.
Key Highlights
- Forafric Global's subsidiary transferred a 68% equity interest in Forafric Maroc to Cap Holding SA.
- Cap Holding subscribed for a MAD 100 million (approximately $10 million) capital increase in Forafric Maroc.
- Cap Holding implemented a reduction of approximately MAD 280 million (approximately $28 million) of Forafric Maroc’s financial indebtedness.
- Cap Holding will provide funding for Forafric Maroc’s financing requirements for two years.
- Cap Holding will provide funding to support Forafric Global’s working capital requirements.
- Crédit Agricole du Maroc is expected to convert MAD 100 million of existing debt into a 7% equity interest in Forafric Maroc.
- Forafric Global continues to pursue the potential acquisition of Millcorp Geneva SA.
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