Apollo funds to buy majority stake in Reno De Medici and delist it

Funds managed by Apollo Global Management will buy about 67% of Italy's Reno De Medici from Cascades and CDPQ at EUR 1.45 per share, totaling EUR 365 million, then launch an offer to delist the cardboard maker.

“The funds will initially buy some 67% of the group from its two top shareholders, Cascades and Canadian pension fund Caisse de depot et placement du Quebec, at 1.45 euros per share.”reuters.com

• 2 sources
• reuters.comApollo to buy majority of Italy's Reno de Medici, delist group | ReutersJul 5, 2021
• privateequityinternational.comApollo to acquire a majority stake in RDMJul 7, 2021

Summarized from public sources; check the original articles before acting on it.