Forafric Global to sell Portugal unit for US$1,400,000
Forafric Agro Industries Limited, in line with its restructuring plan, entered into a Share and Credit Purchase Agreement with Mr. Farid Rehmani to sell 100% of the share capital of Forafric Portugal for total consideration of US$1,400,000.
Rhea-AI Filing Summary
Forafric Agro Industries Limited, in line with its restructuring plan, entered into a Share and Credit Purchase Agreement with Mr. Farid Rehmani to sell 100% of the share capital of Forafric Portugal for total consideration of US$1,400,000.
The sale remains subject to customary conditions precedent, including the establishment of an escrow arrangement for the purchase price. Closing is expected to occur by execution of a public deed before a Portuguese notary no later than November 3, 2026.
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Key Figures
Key Terms
conditions precedent regulatory
escrow arrangement financial
public deed regulatory
FAQ
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What transaction did Forafric Global PLC (AFRI) report in July 2026?
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