The investment holding company RMK Group which operates in diversified sectors such as real estate, food and automotive services, has increased its interest in the capital of its subsidiary M2M Group to 64.7%, from 51% previously. The buyer does not make any comment but local media report that the transaction involved the acquisition of 88.72 new shares.

Listed on the Casablanca stock exchange, M2M Group is present in about 60 countries around the world and provides digital solutions to banks, governments, operators and businesses. The company ended the fourth quarter of 2019 on a consolidated turnover of MAD57 million, up 9% compared to the MAD48 million the same period in 2018.

Chamberline MOKO