Market News / Story
Forafric Global Announces Letter of Intent to Acquire AL NASR, Establishing the Group's Defense Pillar
BusinessWire ·
BusinessWire reports: Forafric Global PLC ( ) ("Forafric" or the "Company") today announced the execution of a letter of intent ("LOI") for the acquisition of 100% of AL NASR Industries & Systems (“ALIS” or "AL NASR"). AL NASR is a recently established industrial platform in Morocco, dedicated to developing projects in the defense sector. Its portfolio includes minority stakes in two companies that are developing two defense product manufacturing plants in Morocco. Both companies have been…