Forafric Global PLC submitted a proposed transaction to the Moroccan antitrust commission allowing Cap Holding SA to obtain a controlling interest in Forafric Maroc SA, subject to board approval and other conditions. Concurrently, Johann Elbaz joined the board of directors, replacing Paul Packer.
Key takeaways
Submitted proposed transaction with Cap Holding SA for regulatory approval to Moroccan antitrust commission
Cap Holding SA may obtain controlling interest in Forafric Maroc SA, an indirect subsidiary
Transaction subject to board approval, antitrust approval, and other conditions
Johann Elbaz appointed to board, replacing Paul Packer
Johann Elbaz is Deputy CEO of Forafric Maroc SA with 18 years experience in marketing, strategy, and business development