DivestmentJul 16, 2026, 04:37 PM
Forafric Sells Forafric Portugal for US$1.4M as Part of Restructuring
AI Summary
Forafric Global PLC announced that its subsidiary, Forafric Agro Industries Limited, entered into an agreement to sell 100% of the share capital of Forafric Portugal to Mr. Farid Rehmani. The transaction, valued at US$1,400,000, is part of the company's restructuring plan. The closing is anticipated by November 3, 2026, subject to customary conditions.
Key Highlights
- Forafric Agro Industries Limited sold 100% of Forafric Portugal's share capital.
- The sale was made to Mr. Farid Rehmani.
- Total consideration for the sale is US$1,400,000.
- Transaction is part of Forafric Global PLC's restructuring plan.
- Closing is expected by November 3, 2026.
Price Impact