Moroccan RMK Holding sells 6% of its capital to Renate Investment Management
Friday, 15 January 2021 16:52
Moroccan tech group RMK Holding, which controls e-payment company M2M Group and payment operator Naps, sold for an untold amount a minority stake of 6.16% of its capital to Renate Investment Management.
The agreement between the two partners comes a few weeks after the entry of Retail Holding and its subsidiary Label’Vie into the capital of the group founded by Rédouane Bayed. They each acquired 4% of shares and expressed their desire to develop commercial synergies with RMK Holding for the benefit of their respective activities.
Media sources said the funds raised by RMK Holding group under these operations could enable the company to strengthen its presence in M2M Group and Naps by acquiring additional shares. The information has not yet been confirmed by the group’s top management.
However, RMK Holding will continue its growth program and strengthen its positions in Morocco and beyond.
Chamberline Moko
Live News
-
Botswana Mining Firms Turn to AI to Speed Rare Earth Exploration
16:45
-
Togo pushes reforms to improve microfinance loan recovery
16:27
-
Angola Pushes Digital Reform With New Public Finance Innovation Hub
15:57
-
AfDB Tests New Financing Model to Expand Solar Power in Fragile States
15:51
-
Ethiopia Completes Coffee Traceability System as EU Deforestation Deadline Nears
15:46
-
Fitch Keeps Tanzania at B+ Rating, Citing Strong Growth but External Risks
15:35
-
Cameroon Signs New Investment Agreement, Bringing Monthly Total Above XAF121B
15:11
-
Fermentation, Traceability and Premium: Cameroon's Cacao Ambitions on Display in Yaoundé
14:47
-
Togo adopts five-year plan to combat illicit tobacco trade
12:50
-
Togo adopts national framework to support local investment promotion
12:44
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Tsodilo partners with U.S.-based Battelle to deploy AI at Gcwihaba project Model will prioritize high-probability drilling targets using existing...
AfDB backs $11.3 million mechanism to fund mini-grids in fragile countries Model uses advance sales of renewable energy credits to unlock...
Ethiopia has completed and operationalized its first national digital coffee traceability platform, developed with Germany’s GIZ The system aims to...
Fitch affirms Tanzania’s B+ rating with stable outlook Growth expected to outpace peers, driven by infrastructure and mining External shocks,...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...