By Cecilia Butini

 

Exor NV said late Thursday that its holding company Giano Holding now has 95.67% of share capital in the publishing group GEDI Gruppo Editoriale SpA.

The company, a holding controlled by the Italian Agnelli family, said it set Aug. 5 as the payment date for 0.46 euros ($0.54) for each ordinary share of GEDI, after a mandatory tender offer ended.

Last December, Exor had agreed to buy from CIR SpA a controlling stake in GEDI, a news network which publishes Italian newspapers La Stampa and La Repubblica.

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 

(END) Dow Jones Newswires

July 31, 2020 02:21 ET (06:21 GMT)

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