Apollo Global Management is set to lose control of Italian packaging group Reno de Medici as part of a restructuring agreement that will transfer ownership to the company’s bondholders, according to a report by Bloomberg citing unnamed people familiar with the situation.
Under a preliminary deal, holders of the company’s €600m bond package are expected to convert a portion of their debt into a majority equity stake, while also providing additional capital to support the business, the sources sai...
Continue Reading
Sign up for FREE to read the full article and access 119K+ alternative investment headlines.