Share: 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 subject to customary closing conditions as further detailed below, is expected to take place by Q3 2021. Upon closing, Apollo will launch a mandatory tender offer for the remaining shares, with the aim to de-list the Company.