Forafric Global PLC (AFRI) Form 6-K — Aug 5, 2026
Forafric Global PLC (Nasdaq: AFRI) completed the previously announced transfer of a 68% controlling interest in its subsidiary Forafric Maroc S.A. to Cap Holding SA, a leading Moroccan industrial group, concluding the unit's restructuring and transformation program. As consideration, Cap Holding subscribed to a MAD 100 million (approximately US$10 million) capital increase, will reduce roughly MAD 280 million (approximately US$28 million) of Forafric Maroc's financial indebtedness, and committed to fund the unit's financing needs for two years post-closing while also supporting Forafric Global's working capital.
Key figures
- Debt Reduction
- approximately MAD 280 million (approximately US$28 million)
- Capital Increase
- MAD 100 million (approximately US$10 million)
- Funding Commitment
- Forafric Maroc financing requirements funded for 2 years post-closing
- Credit Agricole Conversion
- MAD 100 million of debt converted to 7% equity stake (signed, not closed)
- Equity Interest Transferred
- 68% of Forafric Maroc S.A.
- Millcorp Share Of Total Assets FY2025
- approximately 25%
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