In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the ‘operation summary’ below, containing the information provided by the parties.<\/p>\n
This information was prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.<\/p>\n
The publication of this press release does not confirm the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented.<\/p>\n
Names of the companies and groups involved:<\/strong><\/p>\n Nature of the operation:<\/strong><\/p>\n Economic sector concerned:<\/strong><\/p>\n Deadline for interested third parties to submit their observations:<\/strong><\/p>\n NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council received notification of an economic concentration operation consisting of the joint control acquisition by the Azimut group, through its subsidiary company ‘AZ International Holdings S.A.’, of the companies ‘Red Med Asset Management SA’ and ‘Red Med Securities SA’ alongside the historical shareholder ‘Red Med Capital SARL’ through the acquisition of 30% and 25% of their share capital and related voting rights respectively.<\/p>\n ‘AZ International Holdings SA’ is a Luxembourg public limited company, with its registered office at 2a Rue Eug\u00e8ne Ruppert, L-2453 \u2013 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B158624. It is a subsidiary of the Azimut group that offers a wide range of investment solutions, including mutual funds, private equity, alternative investments, and wealth management services for private and institutional clients.<\/p>\n ‘Red Med Capital SARL’ is a Moroccan limited liability company with its registered office at 57 avenue Mehdi Ben Barka, Souissi, Rabat, Morocco, registered with the Rabat Trade Register under number 124441. It operates in all areas of capital markets.<\/p>\n ‘Red Med Asset Management SA’ is a Moroccan public limited company with its registered office at 57 avenue Mehdi Ben Barka, Souissi, Rabat, Morocco, registered with the Rabat Trade Register under number 124499. It is active in the management of Collective Investment Schemes (CIS).<\/p>\n ‘Red Med Securities SA’ is a Moroccan public limited company with its registered office at 410 boulevard Bourgogne Racine Extension Casablanca, registered with the Casablanca Trade Register under number 174125. It is active in stock brokerage.<\/p>\n <\/p>\n Done in Rabat on May 8, 2025<\/p>\n","protected":false},"excerpt":{"rendered":" In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the ‘operation summary’ below, containing the information provided by the parties. This information was prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation. The publication of this press release does not confirm the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented. Names of the companies and groups involved: The acquirer: ‘AZ International Holdings S.A.’; The historical associate: ‘Red Med Capital SARL’; The targets: ‘Red Med Asset Management SA’ and ‘Red Med Securities SA’. Nature of the operation: Joint control acquisition. Economic sector concerned: Management of Collective Investment Schemes (CIS); Stock brokerage. Deadline for interested third parties to submit their observations: 10 days from the date of publication of this press release, i.e., May 19, 2025. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council received notification of an economic concentration operation consisting of the joint control acquisition by the Azimut group, through its subsidiary company ‘AZ International Holdings S.A.’, of the companies ‘Red Med Asset Management SA’ and ‘Red Med Securities SA’ alongside the historical shareholder ‘Red Med Capital SARL’ through the acquisition of 30% and 25% of their share capital and related voting rights respectively. ‘AZ International Holdings SA’ is a Luxembourg public limited company, with its registered office at 2a Rue Eug\u00e8ne Ruppert, L-2453 \u2013 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B158624. It is a subsidiary of the Azimut group that offers a wide range of investment solutions, including mutual funds, private equity, alternative investments, and wealth management services for private and institutional clients. ‘Red Med Capital SARL’ is a Moroccan limited liability company with its registered office at 57 avenue Mehdi Ben Barka, Souissi, Rabat, Morocco, registered with the Rabat Trade Register under number 124441. It operates in all areas of capital markets. ‘Red Med Asset Management SA’ is a Moroccan public limited company with its registered office at 57 avenue Mehdi Ben Barka, Souissi, Rabat, Morocco, registered with the Rabat Trade Register under number 124499. It is active in the management of Collective Investment Schemes (CIS). ‘Red Med Securities SA’ is a Moroccan public limited company with its registered office at 410 boulevard Bourgogne Racine Extension Casablanca, registered with the Casablanca Trade Register under number 174125. It is active in stock brokerage. Done in Rabat on May 8, 2025<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352],"tags":[],"class_list":["post-39621","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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