EXOR completed the acquisition of a 44% stake in GEDI from Compagnie Industriali Riunite for €102m.

EXOR, a diversified holding company, completed the acquisition of a 44% stake in GEDI, which operates as a publishing and broadcasting company, from Compagnie Industriali Riunite, a holding company, for €102m ($112m). “After nearly 30 years as controlling shareholders of the Company, I’d like to express my sincerest thanks to all the women and men who have shared this long journey with us, a journey that has seen the group distinguish itself by the quality of its journalism, by its ability to innovate and by its far-sighted and efficient management. All of this made GEDI Italy’s leading newspaper publisher, the leader in digital information and one of the most important players in radio, and allowed it to face with foresight and decisiveness the sector’s extended period of crisis," Rodolfo De Benedetti, CIR Chairman.