Forafric Global Signs Letter of Intent to Buy AL NASR

MT newswire2026/10/07 13:32

09:32 AM EDT, 10/07/2026 (MT Newswires) -- Forafric Global (AFRI) said Wednesday it has signed a letter of intent to acquire AL NASR Industries & Systems, an industrial platform in Morocco that develops projects in the defense sector. The proposed transaction is expected to close in Q4, Forafric said. AL NASR is controlled by the same ultimate beneficial owner as Forafric, the company said, adding the planned acquisition is a related party deal. Financial details were not provided.

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