18
Fri, Sep
36 New Articles

ODI Helps Exor Obtain Macedonia Merger Clearance for Acquisition of GEDDI Gruppo Editoriale

ODI Helps Exor Obtain Macedonia Merger Clearance for Acquisition of GEDDI Gruppo Editoriale

North Macedonia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

ODI Law has helped Exor N.V. obtain Macedonian merger clearance for its EUR 102.4 million acquisition of GEDi Gruppo Editoriale S.p.A. from CIR SpA.

According to ODI, “in December 2019, Exor agreed to buy a 43.78% controlling stake in GEDi Gruppo Editoriale S.p.A., which publishes prominent Italian daily newspapers La Repubblica and La Stampa, from CIR S.p.A. for EUR 102.4 million. Exor, which is the controlling shareholder in Fiat Chrysleand Ferrari, also owns 43.4% of The Economist. Exor plans to apply its media sector experience to help GEDI grow and accelerate a technological and structural transformation of the publisher.”

ODI's team included Partner Gjorgji Georgievski and Associates Marija Serafimovska and Ema Tasevska.