DIVESTEMENT PROCESS OF THE FRENCH SUBSIDIARY R.D.M. LA ROCHETTE S.A.S. CONTINUES

01-04-2021

On 30 March 2021, RDM Group signed the binding contract for the sale of its French subsidiary R.D.M. La Rochette S.A.S.

Following the successful outcome of the employment law and trade union procedures provided for by the French law, RDM Group signed, through its subsidiary RDM Blendecques S.A.S., the binding contract for the sale of its 100% interest in R.D.M. La Rochette S.A.S., a company under French law.

 

On 16 February 2021, RDM Group had signed a put option agreement to sell the 100% interest in its French subsidiary R.D.M. La Rochette S.A.S., the Group’s only mill operating in the segment of cartonboard for folding boxboard based on virgin fibers (FBB). The financial terms of the binding contract were set in the put option agreement and explained in the press release published by RDM Group on 16 February 2021.

 

The closing of the transaction is expected to take place no later than 28 July 2021 and is subject to fulfillment of some conditions precedent. In the event that on the said date the Antitrust authorities’ legal authorizations have not yet been obtained, the closing of the transaction will be delayed by ninety days.

 

Please, refer to the press release for more information.

Other news

18-07-2024

RDM Barcelona Mill is now producing the cartonboard Triplex Gris Water-Resistant (WR)

RDM Group’s Barcelona mill has launched and is now offering a water resistant GD2 board, Triplex Gris Water-Resistant (WR), that can help packaging and brand to improve performance under freezing and cooling conditions.

Read news

11-07-2024

Michele Bianchi at the Print4All Conference 2024

The Print4All Conference held on Thursday, July 11, had a packed agenda, which kicked off with the opening keynote speech by Michele Bianchi, CEO of RDM Group, on this occasion representing Federazione Carta e Grafica as President.

Read news

13-06-2024

THE GLOBAL RISKS REPORT 2024, A ROUNDTABLE TO DISCUSS THE FUTURE COMPANY’S CHALLENGES

In the current economic and social environment, rapid technological change, climate risk and intensifying armed conflicts can have a significant impact on people and businesses.

Read news