Gedi, Exor buys Cir share for 102.4 million

0
8
Facebook
Twitter
Pinterest
Linkedin
ReddIt
Tumblr
Telegram
Mix
VK
Digg
LINE






The consideration for the sale "was set at € 0.46 per share, for a total price of € 102.4 million".

John Elkann: "Rigorous project, quality journalism has a great future" "With this operation we are committed to a rigorous business project, to accompany Gedi to face the challenges of the future," said John Elkann, president and CEO of Exor.

"In addition to bringing the experience gained in the sector, including internationally, Exor will ensure the stability needed to accelerate technological and organizational changes. We are convinced that quality journalism has a great future, if it can combine authority, professionalism and independence with the needs of readers, today and tomorrow, "he added.

De Benedetti: "Let's pass the baton to a shareholder level" The president of Cir, Rodolfo De Benedetti, speaking of the sale operation explained that he would pass "the baton to a shareholder of the highest level, who for more than two years has participated in the life of the Company, which knows publishing and its challenges, which it has already invested in recent years and which, thanks to its international projection, will know how to support the group in the digital transformation process in which it, like the entire sector, is immersed ".



Source link
https://www.tgcom24.mediaset.it/economia/gedi-exor-compra-quota-cir-per-102-4-milioni_11905653-201902a.shtml

Dmca

LEAVE A REPLY

Please enter your comment!
Please enter your name here

five × three =