100% of Reno De Medici Ibérica S.l.ù. share capital sold

29-01-2016

Milan, January 27, 2016

Reno De Medici S.p.A., one of the world's largest producers of recycled cartonboard, announces that has sold the entire share capital of Reno De Medici Ibérica S.l.ù. to Arpafino S.l.ù..

In the framework of the valuation process of the Group asset portfolio, Reno De Medici Ibérica S.l.ù. was already reclassified under the Discontinued Operations, as required by IFRS 5, following the decision taken by the Board of Directors of Reno De Medici S.p.A. to make it available for sale, as it was considered no longer strategic.

The sale of Reno De Medici Ibérica S.l.ù. takes place at an overall value of 800,000 euro, in line with book value.

The transaction will imply a reduction of approximately 4.2 million euro in the net financial indebtedness of Reno De Medici as at December 31, 2015.

* * * 

Mr. Stefano Moccagatta, the officer in charge of drafting the Company’s accounting documents, declares pursuant to Art. 154-bis, sub-section 2, of Italian Legislative Decree 58/1998 (“Consolidated Law on Financial Intermediation”) that the information contained in this press release corresponds to documentary results and to accounting books and records.

* * * 

This document is an English translation from Italian. The Italian original shall prevail in case of difference in interpretation and/or factual errors.

Reno De Medici

Investor Relator 
Reno De Medici
Stefano Moccagatta 

Media Relations
Image Building
Simona Raffaelli, Alfredo Mele, Valentina Bergamelli

IR Advisor
Blue Arrow
Maria Grazia Mantini

Other news

11-11-2019

R.D.M. OVARO MILL SUCCESSFULLY COMPLETES SMETA AUDIT

The positive result obtained by Ovaro Mill at the SMETA audit rewards the efforts made by the Group and in particular by the Mill regarding global ethical requirements.

Read news

10-10-2019

CIRCULAR ECONOMY: A REALITY FOR RDM GROUP

On 22nd October, the first Circular Economy Forum will be held in Cassino, Italy.

Read news

10-10-2019

RDM GROUP AMONG THE FINALISTS OF MIAC-ASSOCARTA AWARD AIMED AT PROMOTING INNOVATION AND INVESTMENTS

On Friday 11th October, RDM Group will join MIAC-ASSOCARTA Innovation Award at Lucca for the categories “Innovation for the circular economy” and “Process innovation”.

Read news