GEDI Gruppo Editoriale

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.

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

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

History

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 famiily) 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 famiily 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

Formerly owned

Shareholding

References

External links