{"id":595863,"date":"2019-08-08T04:00:04","date_gmt":"2019-08-08T04:00:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/08\/azimut-completes-acquisition-of-rasmala-asset-management-subsidiary\/"},"modified":"2019-08-08T04:00:04","modified_gmt":"2019-08-08T04:00:04","slug":"azimut-completes-acquisition-of-rasmala-asset-management-subsidiary","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/08\/azimut-completes-acquisition-of-rasmala-asset-management-subsidiary\/","title":{"rendered":"Azimut completes acquisition of Rasmala asset management subsidiary"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <b>M&A WATCH- Azimut completes acquisition of Rasmala subsidiary in EGP 211.3 mn transaction: <\/b>Italy-based asset manager Azimut Group acquired 100% of Rasmala Egypt Asset Management (REAM) from its parent company Rasmala Group, according to the <a href=\"https:\/\/alborsaanews.com\/2019\/08\/07\/1233400\">local press<\/a>. Azimut bought 499k shares for EGP 211.3 mn. Azimut had <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/09\/italys-azimut-group-acquires-100-rasmala-egypt-asset-management\/\">signed the agreement<\/a> to acquire REAM back in January, and the Financial Regulatory Authority <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/01\/azimut-gets-greenlight-to-acquire-rasmala-subsidiary\/\">gave the green light<\/a> for the transaction last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Azimut completes acquisition of Rasmala subsidiary in EGP 211.3 mn transaction: Italy-based asset manager Azimut Group acquired 100% of Rasmala Egypt Asset Management (REAM) from its parent company Rasmala Group, according to the local press. Azimut bought 499k shares for EGP 211.3 mn. Azimut had signed the agreement to acquire REAM back in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[541,3305,72,9338,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595863","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-asset-management","tag-azimut-egypt-asset-management","tag-enterpriseam","tag-rasmala","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"40469a61-fa14-40f6-94cc-92116abdfb85","is_powered_by":true,"section_story_id":"107dcae0-a42b-424e-af50-5da3c6e6489c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[595857],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Azimut completes acquisition of Rasmala asset management subsidiary - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/08\/azimut-completes-acquisition-of-rasmala-asset-management-subsidiary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Azimut completes acquisition of Rasmala asset management subsidiary\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Azimut completes acquisition of Rasmala subsidiary in EGP 211.3 mn transaction: Italy-based asset manager Azimut Group acquired 100% of Rasmala Egypt Asset Management (REAM) from its parent company Rasmala Group, according to the local press. Azimut bought 499k shares for EGP 211.3 mn. Azimut had signed the agreement to acquire REAM back in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/08\/azimut-completes-acquisition-of-rasmala-asset-management-subsidiary\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-08T04:00:04+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/08\/azimut-completes-acquisition-of-rasmala-asset-management-subsidiary\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/08\/azimut-completes-acquisition-of-rasmala-asset-management-subsidiary\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Azimut completes acquisition of Rasmala asset management subsidiary\",\"datePublished\":\"2019-08-08T04:00:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/08\/azimut-completes-acquisition-of-rasmala-asset-management-subsidiary\/\"},\"wordCount\":76,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"asset management\",\"Azimut Egypt Asset Management\",\"EnterpriseAM\",\"Rasmala\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/08\/azimut-completes-acquisition-of-rasmala-asset-management-subsidiary\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/08\/azimut-completes-acquisition-of-rasmala-asset-management-subsidiary\/\",\"name\":\"Azimut completes acquisition of Rasmala asset management subsidiary - 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The fund will be based in Luxembourg, and is expected to launch before the end\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652266,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/rasmala-acquires-controlling-stake-in-uk-serviced-apartments-company\/","url_meta":{"origin":595863,"position":3},"title":"Rasmala acquires controlling stake in UK serviced apartments company","author":"enterpriseam admin","date":"4 January 2017","format":false,"excerpt":"Asset management outfit Rasmala announced it acquired a 68% of Orchard Apartments, an owner, operator and developer of boutique corporate serviced apartments in the UK. The exact value of the transaction has not been disclosed.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":662664,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/20\/azimut-partners-with-mnt-halan-to-launch-a-egp-250-mn-real-estate-investment-fund\/","url_meta":{"origin":595863,"position":4},"title":"Azimut partners with MNT-Halan to launch a EGP 250 mn real estate investment fund","author":"enterpriseam admin","date":"20 March 2025","format":false,"excerpt":"The company aims to grow the fund\u2019s size to EGP 2 bn within two years","rel":"","context":"In &quot;Capital markets&quot;","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1642.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561399,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/azimut-egypt-eyes-two-new-funds\/","url_meta":{"origin":595863,"position":5},"title":"Azimut Egypt eyes two new funds","author":"enterpriseam admin","date":"6 April 2021","format":false,"excerpt":"Azimut Egypt Asset Management plans to launch two new funds this year, with one going live within a few days and the other coming after Ramadan, Managing Director Ahmed Abou El Saad said at a conference yesterday, according to Hapi Journal. 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