Forafric (AFRI) 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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AFRI:
- Forafric Global Appoints New CEO and Adopts Strategic Focus on Morocco
- Forafric Global Regains Nasdaq Compliance
- Forafric announces Nasdaq compliance status
- Forafric Global PLC Reports H1 2024 Financial Results and Strategic Developments
- Forafric Global Shareholders Approve Proposal at December Meeting
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue