In Line with its Strategy, Cascades Announces the Monetization of its Controlling Interest in RDM Group
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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
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Cascades Reports Strong Results for the Fourth Quarter of 2020 and 3rd Consecutive Annual Record Levels of Sales and Adjusted OIBD
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Positive containerboard industry dynamics support optimistic outlook
KINGSEY FALLS, QC, Feb. 23, 2021 /PRNewswire/ - Cascades Inc. (TSX: CAS) reports its unaudited financial results for the three-month period and fiscal year ended December 31, 2020.
Q4 2020 Highlights
Sales of $1,284 million (compared with $1,275 million in Q3 2020 (+1%) and $1,227 million in Q4 2019 (+5%))
As reported (including specific items)
Operating income of $109 million (compared with $73 million in Q3 2020 (+49%) and operating loss of $(1) million in Q4 2019)
Operating income before depreciation and amortization (OIBD)
1 of $181 million (compared with $154 million in Q3 2020 (+18%) and $76 million in Q4 2019 (+138%))
Cascades Reports Strong Results for the Fourth Quarter of 2020 and 3rd Consecutive Annual Record Levels of Sales and Adjusted OIBD prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.