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Unfazed by Brexit, Apollo strikes $4.3bn deal for RPC

Deal follows months of negotiations, prompts a bump in the U.K. packaging company’s share price

Private-equity firm Apollo Global Management has to acquire RPC Group, one of Europe’s biggest packaging companies, for £3.32bn ($4.3bn), the latest sign that US buyout firms remain undeterred by uncertainty over Brexit when investing in UK companies.

Bankers have suggested that the market volatility surrounding Britain’s efforts to leave the European Union has made deals trickier to finance and more difficult for buyers and sellers to reach a sale price.

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