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
-
Australian Miner WAF Payments to Burkina Faso More Than Double, Driven by Gold Output and Reforms
07:12
-
Ethiopia Allows Brazilian Livestock Imports to Improve Food Supply and Genetics
07:11
-
Cocoa regains edge over robusta in Cameroon, still far below government targets
05:06
-
Cameroon’s trade deficit widens 23% in 2025 despite import substitution push
05:04
-
Cameroon’s industrial equipment imports hit CFA757.4 bln in 2025, despite 3.7% drop
05:02
-
Cocoa overtook crude oil as Cameroon’s top export in 2025, driven by global price surge
04:59
-
Egypt offshore gas field secures $500M development commitment
04:55
-
Ghana Joins Mozambique in Boycotting Africa Energies Summit in London
04:32
-
Togo medical council lists 940 registered doctors, up from 631 in 2024
04:01
-
Togo business registrations rebound after two years of decline
20:30
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...
WAF payments to the state reach $398 million in 2025, more than double year-on-year Surge driven by higher gold output, rising prices, and new...
Ethiopia authorizes imports of meat, dairy, and genetic livestock inputs from Brazil Move aims to diversify supply and improve domestic livestock...
Arcius commits $500 million to Egypt’s Harmattan gas project Development targets 125 million cubic feet daily output by 2028 Investment aims to...
Ghana withdraws from Africa Energies Summit over representation concerns Industry body criticizes lack of African participation in panels Move aligns...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...