CASCADES COMPLETES THE SALE OF ITS EQUITY POSITION IN RDM GROUP

27-10-2021

Cascades Inc. announces that it has completed the sale of its 57.6% equity stake in Reno De Medici S.p.A.

Cascades Inc. announces that it has completed the sale of its 57.6% equity stake in Reno De Medici S.p.A., previously announced July 5, 2021, to Rimini BidCo S.p.A, to a subsidiary of funds managed by subsidiaries of Apollo Global Management, Inc. for an all-cash price of €1.45 per share.

 

As a result, Rimini BidCo S.p.A. announces to have filed today with CONSOB the offering document concerning the mandatory tender offer on maximum No. 123,574,439 ordinary shares of Reno De Medici S.p.A..

The Offering Document will be published once approved by CONSOB.

 

Please, refer to the press releases and the offering documents for more information.

Other news

04-09-2025

SUSTAINABILITY BOOKLET 2024

Connecting the value chain: how sustainability runs through everything we do

Read news

07-07-2025

BREAKTHROUGH IN CIRCULAR PACKAGING: RDM GROUP AND ECOPOL INTRODUCE RECYCLABLE BOARD WITH PVOH FUNCTIONAL BARRIER FILM

New functional laminate technology combines recycled board with biodegradable barrier film to meet EU circularity goals.

 

Read news

04-07-2025

BBS TAKES THE SPOTLIGHT AT THE INTERNATIONAL CONGRESS IN LA SAPIENZA

On June 27, 2025, RDM Group attended the 21st European Congress on Behavior Based Safety (BBS) in Rome, organized by AARBA in partnership with the Faculty of Economics at Università La Sapienza and the Humanitas University Consortium.

 

Read news