M&G and Arini seek joint control of Reno de Medici from Apollo

M&G Investment Management and Arini Capital Management intend to acquire joint control of Italian cartonboard producer Reno de Medici (RDM), currently controlled by Apollo Management, as part of RDM's ongoing financial restructuring. The deal was notified to the European Commission for merger clearance in early September 2026 and published in the EU Official Journal on 10 September, with the Commission flagging it as a candidate for the simplified procedure.

Why this mattersA change of control at a core European cartonboard producer signals how creditors and funds are reshaping ownership of debt-laden packaging assets through restructuring.

• M&G Investment Management and Arini Capital Management intend to take joint control of Reno de Medici (RDM)
• RDM is currently controlled by Apollo Management
• The transaction is part of RDM's ongoing financial restructuring
• The deal was notified to the European Commission in early September 2026
• The notification was published in the EU Official Journal on 10 September 2026
• The Commission has flagged the deal as a candidate for the simplified merger review procedure

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