# Apollo Impact's tender offer for Reno De Medici to close December 17

Apollo's vehicle Rimini Bidco is closing the mandatory tender offer for Italian cardboard maker Reno De Medici, which follows a July 2021 deal to acquire about 67% stake for over EUR 365 million. The offer closes on Friday December 17, 2021.

- Type: Acquisition
- Announced: 2021-12-14
- Where: Italy
- Value: $413.0M (365.0M EUR)
- Status: announced
- Products: recycled-based cardboard
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Cascades](https://endata.com/companies/923.md) (partner)
- [Apollo Global Management](https://endata.com/companies/3851.md) (acquirer)
- [Reno De Medici Group](https://endata.com/companies/7921.md) (target)
- [Rimini Bidco](https://endata.com/companies/8702.md) (acquirer)

## Sources

- [bebeez.eu](https://www.bebeez.eu/2021/12/14/apollo-impacts-tender-offer-on-reno-de-medici-to-close-next-friday-17th/), 2021-12-14: "The purchase took place at the price per share of 1.45 euros, for a total of over 365 million euros."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.