– Birth of a new super pole publishing with the merger between Itedi, which publishes La Stampa and Il Secolo XIX and L’Espresso Group , which boasts among its publications as well as numerous local daily La Repubblica. The news comes at the same time that of ‘ Fca output by RCS , with the distribution of shares held (16.7%) to its shareholders. Share Exor , safe of the Agnelli family, once received will put on the market.
Cir shareholder of the new group – the new group will be born within the first quarter of 2017, after binding memorandum signed Wednesday, will be the undisputed champion of Italian publishing, and will have as its main shareholder forever Cir De Benedetti to 43% of the family, then Exor and Perrone family both at 5%, while the rest will float on the stock market.
the entire reorganization will have to be approved by the end of June with the signing of the agreements definitive, and which would also share swap, while the closing of the transaction is expected in the first quarter of 2017. the company will remain listed on the Italian Stock Exchange.
New group 750 million in revenues per year – The new publishing group thanks to historic titles that will own will rely, according to 2015 data, about 5.8 million readers, 2.5 million daily unique users on news sites, and revenues of 750 million.
the Agnelli leave RCS – In the note on the union between Itedi and Espresso, Fca stressed that the operation planned to distribute the shares to its shareholders RCS is done “in line with the decision to focus in the automobile business “, also stressing that” this operation comes to an end the role, first by Fiat and then by Fca, a sense of responsibility in the course of more than forty years and that has helped to save the publishing group on three different occasions ensuring the financial resources necessary to ensure their independence and thus preserve its authority. ”
After Fca will be distributed among its members the participation of the 16.7% stake in RCS, Exor, Fca shareholder and safe of the Agnelli family, in turn, will sell with market criteria received part of their pro -quote.
John Elkann: “We look to the future” – E ‘ “looking to the future that today we announce this new publishing group”, a “compelling business project in the media and an act of confidence in the newspapers, “said John Elkann, signaling that will have the mission to” lead and if possible to anticipate the changes that will continue to emerge at a relentless pace in our industry. “
Carlo de Benedetti: “Confirmed our commitment to civil growth of the country” – “the operation” demonstrates the commitment of long-term Cir, its management, my family and myself in the Espresso Group’s development ” , said the president of CIR Rodolfo De Benedetti, also reporting to have “confidence in the prospects of the Group.”
“the mission of this house has always been the publishing industry, in the service of a civil growth of the country . With this commitment is reconfirmed and increased, “he added the president Espresso Carlo De Benedetti.
Before you can send, reply to, or rate a comment, you must be registered and perform login
Registration Login X
Rules for comments
the comments on this page are checked
we encourage you to use a respectful and non-offensive language, even for the harshest criticism
in particular, during the action of monitoring, there we reserve the right to remove comments that:
– are not relevant to the topics covered on the website and in the program TV
– have vulgar, obscene or violent
– Be threatening or defamatory towards people, other people, institutions and religions
– More generally violate the rights of third parties
– Promote illegal activities
– Promote commercial products or services
X
No comments:
Post a Comment