BioFirst Group has announced that its division, Biobest, has reached an agreement to acquire full ownership of its biological control agents production entity in Morocco. Biobest will increase its shareholding in the production company from 50% to 100%. The transaction is subject to approval by the Moroccan competition authority (Conseil de la Concurrence).
The step builds on Biobest’s long-standing presence in the region and marks an important milestone in the development of its activities in Morocco. Biobest takes sole control of the production entity, Biobest Maroc S.A.R.L., located in the Chtouka-Aït Baha region near Agadir, where beneficial insects for biological crop protection are produced. The Moroccan commercial entity will continue to operate unchanged.
© Biobest Nederland
“This transaction marks an important step in building Biobest’s presence in Morocco and the wider region,” says Jean-Marc Vandoorne, CEO of BioFirst Group. “By taking full ownership of our production activities, we reinforce our commitment to supplying growers with high-quality biological solutions and to further developing our operations in the region.”
