In line with its strategy, cascades announces the monetization of its controlling interest in rdm group

Kingsey falls, qc, july 5, 2021 /prnewswire/ - cascades inc. (tsx: cas) (the "company") is pleased to announce that it has entered into an agreement with an affiliate of funds managed by affiliates of apollo global management, inc. (nyse: apo) (together with its consolidated subsidiaries, "apollo") to sell its 57.6% equity interest in reno de medici s.p.a. (bit: rm) ("reno de medici", or "rdm") for an all-cash price of €1.45 per share, corresponding to a total net cash consideration of approximately €315.3 million (approximately can$461 million).
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