Italy's Agnelli family approached by suitors for La Repubblica's publisher

Italy's Agnelli family received several expressions of interest for GEDI, the publisher of Italian dailies La Repubblica and La Stampa, but no deal has been reached, a spokesperson for the family's holding company EXOR said on Thursday. Italian newspaper Il Foglio reported that EXOR, which also is the single largest shareholder in carmaker Stellantis , is considering the sale of GEDI.

Italy's Agnelli family received several expressions of interest for GEDI, the publisher of Italian dailies La Repubblica and La Stampa, but no deal has been reached, a spokesperson for the family's holding company EXOR said on Thursday. Italian newspaper Il Foglio reported that EXOR, which also is the single largest shareholder in carmaker Stellantis , is considering the sale of GEDI. It added that French media group Vivendi and Greek media company Antenna Group were potential buyers.

"With reference to reports regarding GEDI Group, Exor says it has received several expressions of interest in these past years, but none of them have been followed up ", a spokesperson told reporters on the sideline of an event in Turin. GEDI reported sales for 224 million euros ($263.63 million) last year, when it posted a 15 million euros loss. The business is worth 0.3% of EXOR's net asset value, or 118 million euros, according to Italian broker Intermonte.

($1 = 0.8497 euros)

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