Exor Gains Flexibility to Increase Philips Stake to 22%
The Agnelli family's investment company, Exor, has secured the flexibility to increase its stake in Philips to 22%.
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The Agnelli family's investment company, Exor, has secured the flexibility to increase its stake in Philips to 22%.

The Agnelli family, through John Elkann, has sold its principal Italian editorial group, Gedi, to the Greek Kyriakou family's Antenna Group. The acquisition includes leading dailies La Repubblica and La Stampa, with Antenna pledging investment and independence, and Elkann confirming the future freedom of the publications.

Italy's prominent Agnelli family, known for Fiat, Ferrari, and Juventus, is facing an inheritance battle that threatens the dynasty often called the country's uncrowned royal family.

The Italian liberal-conservative newspaper 'La Stampa', long associated with the Fiat-Agnelli family, has been sold to a new owner who is relatively new to the press business.

The Agnelli family's holding company, Exor, has sold its Gedi Media Company, publisher of La Repubblica, to Theodore Kyriakou's Antenna Group for 110 million euros, marking the end of a significant newspaper era.