Forafric to divest non-core assets for $80M-$100M
Forafric announced that it has adopted a new balance sheet strengthening strategy with a Morocco and soft wheat focus. As part of this initiative, the company is divesting non-core assets: assets outside of Morocco, durum wheat focused businesses and logistics activities in Morocco. The company estimates that this divestment program will generate gross proceeds of between $80M and $100M.
