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
-
Burundi Teams Up With Italy to Train Young Workers for Overseas Jobs
12:37
-
Dangote Refinery Bets on Maritime Logistics to Reshape Fuel Distribution
12:25
-
South Africa’s Mulilo Closes Financing on 219 MW Solar Plant
12:22
-
South Africa’s Sugar Industry Divided Over Import Tariff Rule
12:19
-
Togo’s anti-corruption authority pilots university ethics program
12:04
-
Togo Signs Agri-Food Partnership with Brazil’s Institut Daniel Franco
11:59
-
Togo holds three-day training on intellectual property enforcement
11:12
-
Togo launches 574 mln CFA youth employment, climate resilience project in Blitta
11:05
-
Lagos to host MarkHack 5.0 on 5 June 2026
09:19
-
South Africa launches national cleantech competition with nine province-level challenges
09:16
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...
West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan wit...
The fast-growing installment payment market is set to expand sharply across the continent, even as s...
Burundi embassy, Italian university launch vocational training partnership Free Italian courses prepare youth for certified jobs Initiative...
Refinery has received about 800 vessels and expects around 600 annually at full capacity Strategy aims to shift up to 75% of local fuel...
219 MWdc Orkney solar plant to supply power exclusively to Etana Energy Project expected to generate about 478 GWh annually via wheeling...
Producers and beverage makers clash over import protection mechanism Sugar association wants DBRP raised to $905 per ton; beverage group...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...