Agnelli family's holding does not plan to sell GEDI stake for now - sources
28/10/2019 11:15
MILAN, Oct 28 (Reuters) - Exor EXOR.MI , the holding
company of the Agnelli family, has no plan to sell its 5.99%
stake in Italian publisher GEDI GEDI.MI , two sources familiar
with the matter said on Monday.
GEDI, which publishes prominent newspapers La Repubblica and
La Stampa, is at the centre of a battle for control between
members of the De Benedetti family, which has a 43.8% stake in
the group through their holding CIR CIRX.MI .
"Exor is not a seller for now," one of the sources said.
Earlier this month Marco and Rodolfo De Benedetti rebuffed
an offer from their father Carlo, a veteran of the Italian
business scene, to buy a 29.9% stake in the publisher.
Carlo's offer was coupled with a blistering attack on his
sons, who have run GEDI for the past seven years. urn:newsml:reuters.com:*:nL5N2765U3
(Reporting by Giancarlo Navach and Giulio Piovaccari, editing
by Silvia Aloisi)
((giulio.piovaccari@thomsonreuters.com; +39 02 6612 9743;
Reuters Messaging:
giulio.piovaccari.thomsonreuters.com@reuters.net))