Forafric Global Announces Letter of Intent to Acquire AL NASR, Establishing the Group's Defense Pillar
Business Wire•07/10/2026•08:49 ET
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Key Highlights
- ➤Forafric (AFRI) signs LOI to acquire 100% of AL NASR
- ➤AL NASR holds minority stakes in two Moroccan defense manufacturing ventures
- ➤Expected transaction closing is Q4 2026
- ➤Completion requires due diligence, definitive agreements, approvals, and regulatory authorizations
Forafric Global Announces Letter of Intent to Acquire AL NASR, Establishing the Group's Defense Pillar
Proposed acquisition would position AL NASR as Forafric Global’s industrial defense platform
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