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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
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Lisa Hall pictured with Joshua, Keira, Ryan and Kenny in 2019.
However, three months later the former duty manager of the Best Western Royal Beach Hotel in Southsea was told it had spread to her lungs and her health deteriorated rapidly.
In March this year Lisa a brain scan revealed more tumours and doctors said there was nothing more that could be done.
She also suffered a stroke in April caused by the brain tumours, leaving her paralysed on one side and unable to speak. Since then she has gradually re-learnt how to talk.
At first her good friend and former hotel colleague Davina Playford set up a Go Fund Me page in the hope of seeking further treatment, but any donations now will be used to support the family.