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GEDI Gruppo Editoriale

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GEDI Gruppo Editoriale
FormerlyGruppo Editoriale L'Espresso (1955–2017)
Company typesocietà per azioni
IndustryPublisher
Founded1955
HeadquartersTurin, Italy
Area served
Italy
Key people
Products
ParentExor
Websitegedispa.it

GEDI Gruppo Editoriale S.p.A., formerly known as Gruppo Editoriale L'Espresso S.p.A., is an Italian media conglomerate. Founded in 1955, it is based in Turin, Italy.

It is controlled by the Agnelli family through Exor, and is mostly known for publishing newspapers la Repubblica and La Stampa.

History

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In 2009, the group L'Espresso created an online advertising consortium with RCS MediaGroup.[1]

In March 2016, the Italiana Editrice (owner of La Stampa and controlled by FCA) merged with L'Espresso group (owner of La Repubblica) to create the leading Italian group in print and online information.[2] As a result CIR (owned by the Benedetti family) remained the majority shareholder, with FCA and Carlo Perrone as minority shareholders.

In May 2017, the group changed its names from Gruppo Editoriale L'Espresso to GEDI Gruppo Editoriale.[3] In July 2017, FCA distributed its stake to shareholders, making the Agnelli Family (through Exor) minority shareholders with a 4.26% stake.[4]

In December 2019, the board of CIR accepted Exor's offer to buy its 43.78% stake in GEDI.[5][6] This operation restored the Agnelli family to majority ownership of La Stampa, which they had already controlled from 1926 to 2016, through FIAT (then FCA).

Following a tender offer, GEDI is 100% controlled by Giano Holding Spa, which is in turn controlled by Exor (90% stake). After Giano bought all shares of GEDI, the company was delisted from the Borsa Italiana. Compagnie Industriali Riunite and Carlo Perrone own a minority share in Giano, 5% each.[7][8]

Description

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Formerly owned

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Shareholding

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References

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  1. ^ Italy's top newspaper groups pool online advertising, Reuters.com, 14 January 2009
  2. ^ (in Italian) Giovanni Pons, Nasce il polo Repubblica-Stampa. Fca esce da Rcs, Repubblica.it, 2 March 2016
  3. ^ (in Italian) Mauro Introzzi, Gruppo Editoriale L’Espresso diventa GEDI Gruppo Editoriale, Soldionline.it, 8 May 2017
  4. ^ "Gruppo Espresso and Itedi sign agreement on business combination | EXOR". www.exor.com. Retrieved 2024-04-19.
  5. ^ (in Italian) La famiglia Agnelli-Elkann acquista la Repubblica e il gruppo l’Espresso, Firstonline.info, 3 December 2019
  6. ^ Rachel Sanderson, Agnelli family’s Exor to buy Italian media group GEDI, Ft.com, 3 December 2019
  7. ^ "Gedi, a Giano (Exor) il 100% del capitale. Addio del titolo alla Borsa". Affaritaliani.it (in Italian). 2020-08-10. Retrieved 2024-02-13.
  8. ^ Colombo, Daniela (2020-07-13). "Gedi: Perrore e Cir acquistano da Exor azioni di Giano Holding per partecipazione nell'editrice". Primaonline (in Italian). Retrieved 2024-02-13.
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