Azimut acquires 49% of KCM: Azimut stock trades at EUR 35.62 with EUR 5.1 billion value

Published on 10/15/2026 at 09:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Azimut agreed to buy the remaining 49 percent of KCM on September 21, 2026. Azimut stock costs EUR 35.62 on October 15, 2026 at EUR 5.1 billion value.

US platform becomes wholly owned

Azimut agreed to acquire the remaining 49 percent of Kennedy Capital Management on September 21, 2026.
First-half 2026 revenue reached EUR 781.00 million, up 21.00 percent year over year.
Azimut stock traded at EUR 35.62 at 9:43 a.m. CEST at Lang & Schwarz on October 15, 2026.
Azimut has a market capitalization of EUR 5.1 billion as of October 15, 2026.

Aquarellbild der Mailänder Finanzdistrikt-Skyline im warmen Abendlicht — Aquarellmalerei der Mailänder Skyline symbolisiert den Firmensitz von Azimut Holding S.p.A., ISIN IT0001050910, im Finanzviertel, Illustration mit AI erstellt.

Azimut Holding S.p.A. stock traded at EUR 35.62 at Lang & Schwarz on October 15, 2026 at 9:43 a.m. CEST, while the company had agreed on September 21, 2026 to acquire the remaining 49 percent of Kennedy Capital Management. ANSA reported that the transaction would take Azimut's stake to 100 percent, subject to customary closing conditions.

What does full ownership add?

The transaction places Kennedy Capital Management inside Azimut NSI, the group's US asset-management and distribution platform. The deal is planned as a cash acquisition with earn-out mechanisms, and closing is expected by the end of 2026, according to MarketScreener. The same report said Azimut NSI's assets under management had increased from USD 18.3 billion to more than USD 20.0 billion since its consolidation at the start of 2026.

Flows give the deal a wider setting

Azimut's operating backdrop also included EUR 683.00 million of net inflows in September 2026 and EUR 10.9 billion in total inflows during the first nine months. Repubblica reported that assets under management reached EUR 158.9 billion at the end of September, up 13.00 percent from the start of the year. Private markets contributed EUR 459.00 million to September inflows.

Three events mark the recent timeline

MarketScreener lists EUR 938.00 million of net inflows for August 2026 on September 8, first-half 2026 revenue of EUR 781.00 million on July 30, and the September 21, 2026 agreement for the remaining 49 percent of Kennedy Capital Management.

When is the next reporting date?

MarketScreener's company calendar lists November 5, 2026 for Azimut's third-quarter earnings release. The date gives investors a scheduled point for testing whether the inflow trend and the US platform expansion are translating into reported earnings.

Stock valuation and ownership shift

Azimut's market capitalization was EUR 5.1 billion as of October 15, 2026. Its 52-week range was EUR 30.19 to EUR 40.39 on the same date, placing the current euro quote below the year's upper level while the Kennedy transaction adds a concrete US ownership milestone.

Azimut stock was trading at EUR 35.62 at Lang & Schwarz on October 15, 2026 at 9:43 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Azimut stock.