Reno De Medici (RDM) sold 17% stake in the EmmausPack S.r.l. share capital to the Oldani Family (Mr. Stefano Oldani and Mr. Andrea Oldani as buyers of bare ownership and Mr. Angelo Oldani as beneficiary of usufruct). The sale will reduce the RDM holdings in the sheeting and distribution center from 51% to 34% of total share capital.

Reno De Medici sells 17% stake in EmmausPack to Oldani Family

10:27 / March 16, 2016

Mar 16, 2016. /Lesprom Network/. Reno De Medici (RDM) sold 17% stake in the EmmausPack S.r.l. share capital to the Oldani Family (Mr. Stefano Oldani and Mr. Andrea Oldani as buyers of bare ownership and Mr. Angelo Oldani as beneficiary of usufruct). The sale will reduce the RDM holdings in the sheeting and distribution center from 51% to 34% of total share capital, as the company said in the press release received by Lesprom Network.

Thanks to the closing of the transaction, the Oldani Family will increase its stake in EmmausPack S.r.l. from 49% to 66%.

The purchase price has been set at Euro 700,000. The book value of the RDM equity holdings in EmmausPack S.r.l. is Euro 108,456. As at December 31, 2015, the net financial debt of the controlled company was Euro 2.3 million.

The Reno De Medici Group is the leading Italian and second-ranked European producer of cartonboard based on recycled material.

Lesprom Network

Reno De Medici sells 17% stake in EmmausPack to Oldani Family

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