trending Market Intelligence /marketintelligence/en/news-insights/trending/hdlrwmjisoupzlnbvvkdxq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Azimut finalizes reorganization of asset management biz

IoT and AI Aid Critical Event Management to Battle COVID-19, but Deployment could Raise Privacy Concerns

Video

The Global Impact of COVID-19

COVID-19: The 451 Research Take

Australia And New Zealand Telcos Launch Special Packs Amidst COVID-19 Outbreak


Azimut finalizes reorganization of asset management biz

Azimut Holding SpA said Oct. 3 that it has filed thecontract on the demerger by incorporation of Azimut Consulenza SIM into AzimutCapital Management SGR as part of a reorganization aimed at transforming its securitiesinvestment firms into asset management companies.

All of Azimut Consulenza SIM'sequity, assets and liabilities will be transferred to Azimut Capital Management,Azimut Financial Insurance SpA and the newly formed Azimut Partecipazioni Srl.

Alessandro Capeccia will be proposed as co-CEO, togetherwith Paolo Martini, of Azimut Capital Management SGR.

Separately, the group completedthe transformation of CGM Italia SIM into CGM SGR.

Having finalized all the steps ofthe reorganization, Azimut said it is now waiting for the to remove the groupfrom the securities investment firms register.

The reorganization and subsequentexemption from CRD IV will lead to a release of a significant portion ofregulatory capital that the group said will be "fully available to createshareholder value" through M&A, buyback programs and dividends in thecoming years.

Azimut will pay shareholders areaming dividend of €1.0 per share within 30 days of removal from thesecurities investment firms register.