UndisclosedStrategic acquisitionAerospace & Defense

Forafric signs LOI to buy AL NASR, launching a defense pillar

Nasdaq-listed Forafric Global signed a letter of intent to acquire 100% of AL NASR Industries & Systems, a recently established Moroccan industrial platform focused on defense projects. AL NASR holds minority stakes in two companies developing defense manufacturing plants in Morocco. Financial terms were not disclosed.

Why it matters: The deal would push a North African agri-food group into defense manufacturing, a notable pivot as governments boost domestic defense production.

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