Milan, 24 April 2020 – The transfer of GEDI’s assets from CIR to Exor has been executed. Pedersoli Studio Legale has advised EXOR in the acquisition of the majority interest in GEDI Gruppo Editoriale S.p.A., Italy’s first newspaper publisher with La Repubblica, La Stampa and 13 local newspapers, publisher of magazines (including, without limitation, L’Espresso) and leader as to audience of digital information, as well as one of the main groups in radio sector with 3 national broadcasters, among which, Radio Deejay.
Specifically, Giano Holding S.p.A., a company fully owned by EXOR, has completed the acquisition of 43.78% of GEDI from CIR S.p.A. – Compagnie Industriali Riunite, advised by the international law firm Gianni, Origoni, Grippo, Cappelli & Partners
Moreover, Giano Holding has acquired also 5.06% corporate capital of the publishing group held by Mercurio S.p.A. owned by Perrone family, counseled by Chiomenti and it has entered into an agreement with Sia Blu and Giacaranda Caracciolo, advised by Dario Trevisan, for the acquisition of their interests in GEDI equal to 6.07% of the share capital.
At the same time, an investment agreement, a shareholders’ agreement and a put & call agreement have been entered into between CIR, EXOR and Giano Holding, including also an investment agreement, a shareholders’ agreement and a put & call agreement between Mercurio, EXOR and Giano Holding relating to the acquisition by CIR and Mercurio of an interest in Giano Holding each representing, in transparency, 5% of GEDI’s corporate capital.
Pedersoli Studio Legale has acted with a multi-disciplinary team managed by Carlo Re (Equity Partner) and composed of Fabrizio Grasso (Senior Associate) and Alessia Castelli (Associate). Capital marketsd aspects relating to the takeover bid have been analysed by Marcello Magro (Equity Partner) with Marta Sassella (Partner) and Vittoria Deregibus (Associate), while Davide Cacchioli (Equity Partner) and Alessandro Bardanzellu (Partner) have provided legal assistance in relation to antitrust law matters.
GOP has advised CIR with a team led by Antonio Segni (Partner) and composed of Lidia Caldarola (Partner) and Davide De Franco (Associate). Capital markets aspects relating to the takeover bid have been analysed also by Andrea Aiello (Partner) and Giulia Staderini (Of Counsel), while Francesco Salerno and Piero Fattori (Partners) have provided legal assistance in relation to antitrust law matters.
Chiomenti has advised Perrone family with a team managed by Italo De Santis (Partner) with the support of Matteo Costantino and Francesca Ermice (Associates).
Trevisan & Associati, for Giacaranda Caracciolo, has acted with Dario Trevisan (Managing Partner).
FOR FURTHER INFORMATION:
Pedersoli Studio Legale
Sebastiano Distefano, Laura Sala
Tel. +39 02303051
Ad Hoc Communication Advisors
Sara Balzarotti, Alessandro Michielli
Tel. +39 027606741