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Apollo Impact to Acquire Approx 67% Stake in RDM Group, Leading European Producer of Recycled Cartonboard

Share: Transaction to be followed by tender offer to de-list RDM group RDM, a leader in the circular economy, represents Apollo s first investment from its Impact platform NEW YORK, July 05, 2021 (GLOBE NEWSWIRE) Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, Apollo or the Firm ) today announced that certain funds managed by its affiliates (the Apollo Funds ) have entered into definitive agreements to acquire a majority stake in Reno De Medici S.p.A. ( RDM , or the Company or the Issuer ) (BIT: RM/BME: RDM), a leading producer of recycled cartonboard in Europe. Apollo Funds will acquire approx. 67% equity ownership in RDM from the Company s top two shareholders, Cascades Inc. (TSX:CAS) and Caisse de dépot et placement du Québec for EUR 1.45 per share (with no adjustments, save as further detailed below), representing a 24% premium to the 90-day volume weighted average share price. The closing of the transaction, which is subj

Apollo Global Management, Inc : Apollo Impact to Acquire Approx 67% Stake in RDM Group, Leading European Producer of Recycled Cartonboard

Apollo Global Management, Inc : Apollo Impact to Acquire Approx 67% Stake in RDM Group, Leading European Producer of Recycled Cartonboard
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