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

02-05-2022

RDM GROUP HAS PUBLISHED ITS SUSTAINABILITY REPORT 2021

The document highlights the progress made over the past year, particularly in relation to recent acquisitions and in relation to the commitment made in the long – term Sustainability Plan (2020-2030).

Read news

27-04-2022

THE BBS (BEHAVIOR-BASED SAFETY) PROJECT HAS BEEN OFFICIALLY LAUNCHED AT VILLA SANTA LUCIA MILL

Following the involvement of Santa Giustina as a pilot plant, as of December 2021, Villa Santa Lucia mill has embarked on its own behavioral safety journey.

Read news

04-04-2022

SPEECH BY MICHELE BIANCHI, RDM GROUP CEO, AT COMIECO’S PAPER WEEK

Michele Bianchi gave a speech during the Comieco’s week of events dedicated to the collection and recycling of paper and board.

Read news