Agnelli Family’s Vehicle Exor Sells Gedi Media Company

MILAN — The Agnelli family’s holding institution Exor N.V. has sold Italian media institution Gedi Gruppo Editoriale SpA, genitor of regular paper La Repubblica, among different titles.

On Monday, K Group — the Kyriakou family-owned genitor institution of planetary media, contented and amusement enactment Antenna Group — said it acquired 100 percent of the company, including, successful summation to La Repubblica, the likes of HuffPost Italia, National Geographic Italia and Limes; the vigor brands Radio Deejay, Radio Capital and m2o, and the advertizing bureau Manzoni.

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The transaction doesn’t see the La Stampa title, which has been agreed to beryllium sold to the SAE Group, unneurotic with its printing halfway and commercialized web for section advertizing sales. Simultaneously there’s an statement to dispose of Stardust, excluding it from the scope of the acquisition.

The cognition is portion of Exor’s bigger program of simplifying its portfolio, which includes investments successful companies ranging from Ferrari and Stellantis to Philips and Italy’s shot squad Juventus Football Club, passing done The Economist Group and luxury players specified arsenic Christian Louboutin and Hermès International’s China task Shang Xia.

In releasing its 2025 fiscal results connected Monday, which saw Exor reporting 37.1 cardinal euros successful gross plus worth astatine the extremity of the year, the company’s ceo John Elkann said “[we’re] sharpening our priorities and concentrating connected larger companies, wherever we judge Exor tin make the top value.”

“We person signed agreements to divest our stakes successful Iveco Group, Gedi, Lifenet and Nuo. These 4 transactions are expected to make 2 cardinal euros successful proceeds this year, with a full aggregate of much than 1.4x connected our invested capital,” Elkann said. “As a result, we are expanding our currency disposable for deployment to much than 3.5 cardinal euros, which besides places america successful a beardown presumption to prosecute a important caller concern akin successful standard and ambition to Philips,” helium said.

In particular, Nuo is simply a institution Exor created successful 2021 successful concern with The World-Wide Investment Company Ltd. of the Hong Kong Pao family, with the extremity to put successful and enactment the planetary improvement of medium-sized Italian companies specializing successful user goods. Nuo’s investments scope from the Ludovico Martelli institution — known for its storied idiosyncratic attraction brands specified arsenic Marvis and Proraso — to the Subdued brand, among others.