Forafric Global PLC (NasdaqCM:AFRI) acquired an unknown majority stake in GROUPE SAHEL SA on November 9, 2022. This acquisition includes 78.21% interest in the Burkinabe subsidiary Groupe Sahel (MDS BF), 70.35% of MDS Mali in Mali and 37.10% shareholder in the Niger branch, Grands Moulins du Ténéré (GMT Niger). Forafric's expansion was in part funded by a $44.8 million capital increase following its NASDAQ listing in June 2022. Patrick Larrivé and Mouna Boubia of ASAFO & CO. MOROCCO Sarl acted as legal advisors to Forafric Global PLC.

Forafric Global PLC (NasdaqCM:AFRI) completed the acquisition of an unknown majority stake in GROUPE SAHEL SA on November 9, 2022.