Azimut will buy the stake through AZ International Holdings, its Luxembourg-based unit. Azimut and Mofid also plan to establish a fund, domiciled in Luxembourg, for foreign investors to invest in Iran.” (Financial Times, “Italian asset manager buys stake in Iranian rival,” 10/10/2017). (https://www.ft.com/content/e49c340a-add1-11e7-aab9-abaa44b1e130)