Cairo – Mubasher: Italy’s Azimut Group has signed an agreement to acquire 100% of Rasmala Egypt Asset Management
Under the agreement, Rasmala will be rebranded to Azimut Egypt Asset Management, according to a company statement released on Wednesday.
Rasmala is one of the biggest asset managers in Egypt. The value of company’s managed assets reached EGP 8.46 billion in November.
