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EXO Exor NV

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Exor NV BIT:EXO Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Exor: Giano Holding Increases Stake in GEDI to 92.03%

01/07/2020 7:28am

Dow Jones News


Exor NV (BIT:EXO)
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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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