Add to Watchlist Create Alerts

Real-Time Last Update

Last Sale Cboe BZX Real-Time

Volume

Cascades Completes the Sale of its Equity Position in RDM Group

PR Newswire - Tue Oct 26, 2021

KINGSEY FALLS, QC, Oct. 26, 2021 /PRNewswire/ - Cascades inc. (TSX: CAS) announces that it has completed the sale of its 57.6% equity stake in Reno De Medici S.p.A. (BIT: RM) ("Reno de Medici", or "RDM Group"), previously announced July 5, 2021, to a subsidiary of funds managed by subsidiaries of Apollo Global Management, Inc. (NYSE: APO) for an all-cash price of €1.45 per share corresponding to a total cash consideration of approximately €315.3 million (approximately CAN$ 461 million, before transaction related fees).

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

More from The Globe

Here’s the real reason your Canadian stocks can’t keep up

Premarket: Global stocks drift after Fed officials hint interest rates may not fall soon

number cruncher

U.S technology stocks with earnings and price momentum

report on business

Lightspeed Commerce stock soars on better-than-expected profit forecast

GameStop, AMC dive further as meme stocks rally tapers off

The close: Dow briefly hits 40,000 milestone, TSX rises on upbeat earnings

report on business

Proxy advisers recommend investors vote ‘no’ on Shopify executive pay

The close: Wall Street boasts fresh records as inflation data fuels rate-cut bets