Exor: Giano Holding Increases Stake in GEDI to 92.03%
July 01 2020 - 2:28AM
Dow Jones News
By Kim Richters
Exor NV said Tuesday that its holding company Giano Holding SpA
now has 92.03% of share capital in GEDI Gruppo Editoriale SpA.
Exor, the Agnelli family's holding company, said it increased
its stake in the Italian publisher after a mandatory tender offer
on all the ordinary shares of GEDI ended.
The offer of 0.46 euros ($0.52) a share will be paid on Monday
to shareholders and the requirement for GEDI's delisting was met,
Exor said.
Exor in December had agreed to buy a controlling stake in the
company--which publishes Italian dailies La Repubblica and La
Stampa--from CIR SpA - Compagnie Industriali Riunite.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
July 01, 2020 02:13 ET (06:13 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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