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In Line with its Strategy, Cascades Announces the Monetization of its Controlling Interest in RDM Group News provided by Share this article Share this article KINGSEY FALLS, QC, July 5, 2021 /PRNewswire/ - Cascades Inc. (TSX: CAS) (the Company ) is pleased to announce that it has entered into an agreement with an affiliate of funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo ) to sell its 57.6% equity interest in Reno De Medici S.p.A. (BIT: RM) ( Reno de Medici , or RDM ) for an all-cash price of €1.45 per share, corresponding to a total net cash consideration of approximately €315.3 million (approximately CAN$461 million). The purchase price is not subject to adjustment, except in case of potential leakages of value to the seller (such as, among others, dividends or returns of capital), provided that RDM s 2020 dividend that was paid to the shareholders in May 2021 will not be considered a leaka

United statesMario plourdeMichele bianchiRothschild coAllen overyEska groupCascades incApollo global management incJones dayApollo global managementChief executiveReno de mediciBoxboard europeNorth americanWhile cascadesNorth america