By  on December 3, 2019

MILAN — Italian media company Gedi Gruppo Editoriale SpA, which publishes newspapers La Repubblica, La Stampa and weekly magazine L’Espresso, among other titles, has found a new owner in holding company Exor N.V. controlled by the Agnelli family. Since 2017 Exor has been one of Gedi’s minority shareholders, with a 5.99 percent interest in the company.

Late Monday night, Cir Compagnie Industriali Riunite SpA, the holding company controlled by the De Benedetti family, agreed to sell a 43.78 percent controlling stake in Gedi to Exor N.V. for 102.4 million euros, or 0.46 euros a share.

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