Patrick Larrivé_Mouna Boubia

Asafo & Co. advised Forafric in its acquisition into Groupe Sahel 

Asafo & Co. advised Moroccan miller Forafric Global (“Forafric”) on its acquisition of a controlling interest in Groupe Sahel, a major cereal industry producer in the Sahel region. 

Forafric is the leader in flour milling in Morocco, under the MayMouna and Tria brands. Building on its current strong market position with two logistics platforms and exports to over 45 countries, the acquisition will expand Forafric’s presence in West Africa and its production capacity globally. 

The acquisition included interests in the Burkinabe subsidiary Groupe Sahel (MDS BF) and MDS Mali in Mali. Forafric also became a 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. 

Asafo & Co. advised Forafric in this acquisition. The team was led by partners Patrick Larrivé (pictured left) and Mouna Boubia (pictured right) in Casablanca. 

Asafo & Co. advised Forafric in its acquisition into Groupe Sahel

Launched in 2022 by LC Publishing Group S.p.A., it is the first digital portal addressed to the Middle East North Africa market.

In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointmens and providing insights, analytical data and opinions on the professions’ main trends and topics (AI, innovation, etc.).

For further information, please visit the Group’s website

Legalcommunity MENA
LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram