Forafric Global Announces Letter of Intent to Acquire AL NASR, Establishing the Group's Defense Pillar
Forafric Global announced it signed a letter of intent to acquire 100% of AL NASR Industries & Systems, a recently established Moroccan industrial platform focused on defense-sector projects. AL NASR’s portfolio includes minority stakes in two companies developing defense product manufacturing plants in Morocco.
Why it matters — The proposed acquisition would establish a defense-sector pillar for Forafric and add exposure to projects in Morocco.