Forafric Global closes sale of 68% stake in Forafric Maroc to Cap Holding
AFRI•Forafric Global completes stake transfer in Forafric Maroc
Forafric Global closed the transfer of a 68% stake in Forafric Maroc to Morocco’s Cap Holding.
- Cap Holding committed to a MAD 100 million capital increase, a MAD 280 million debt reduction, and two years of funding support.
- The deal leaves Forafric Agro Industries with a minority stake, protected from dilution during the two-year funding period.
- Crédit Agricole du Maroc is set to take a 7% stake via conversion of MAD 100 million debt into equity; the document is signed.
- Management said the transaction completes a restructuring and positions Forafric Maroc for its next growth phase.
