Forafric Agro Enters Agreement To Sell Forafric Portugal For $1.4M As Part Of Restructuring Plan
Benzinga · 07/16 20:36
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On July 13, 2026, in line with its restructuring plan, Forafric Agro Industries Limited entered into a Share and Credit Purchase Agreement with Mr. Farid Rehmani for the sale of 100% of the share capital of Forafric Portugal, for a total consideration of US$1,400,000. The transaction remains subject to customary conditions precedent, including the establishment of an escrow arrangement for the purchase price. Closing is expected to occur through the execution of a public deed before a Portuguese notary no later than November 3, 2026.
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