Aug 24 (Reuters) - AZIMUT AZMT.MI :
* AUSTRALIAN UNIT ACQUIRES FARROW HUGHES MULCAHY REACHING EUR 3.8 BILLION IN TOTAL AUM
* AGREEMENT INCLUDES SHARE SWAP OF 49% OF FARROW HUGHES MULCAHY'S EQUITY FOR AZ NGA (AZIMUT'S UNIT) SHARES AND PROGRESSIVE BUY BACK OF THESE SHARES OVER NEXT TEN YEARS
* PURCHASE PRICE IS EQUAL TO EUR 6.2 MILLION
* REMAINING 51% STAKE TO BE PAID TO FOUNDING PARTNERS IN CASH OVER A PERIOD OF TWO YEARS