Apollo funds to acquire 67% of Reno De Medici from Cascades and CDPQ

Apollo-controlled funds agreed to buy about 67% of Reno De Medici from its two largest shareholders, Cascades and Caisse de depot et placement du Quebec, at EUR 1.45 per share. The deal cost about EUR 315.3 million and was expected to close by Q3 2021, followed by a mandatory takeover bid.

“The Apollo funds will buy around 67% of Reno De Medici's capital from the company's two largest shareholders, Cascades and Caisse de depot et placement du Quebec, at a price of 1.45 EUR per share.”paperindustryworld.com

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• paperindustryworld.comReno de Medici changes ownership: the Apollo Fund acquires 67% of the shares - Paper Industry WorldAug 24, 2021

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