MILAN (Reuters) - Exor (EXOR.MI), the holding company of the Agnelli family, has no plan to sell its 5.99% stake in Italian publisher GEDI (GEDI.MI), two sources familiar with the matter said on Monday.
GEDI, which publishes prominent newspapers La Repubblica and La Stampa, is at the center of a battle for control between members of the De Benedetti family, which has a 43.8% stake in the group through their holding CIR (CIRX.MI).
“Exor is not a seller for now,” one of the sources said.
Earlier this month Marco and Rodolfo De Benedetti rebuffed an offer from their father Carlo, a veteran of the Italian business scene, to buy a 29.9% stake in the publisher.
Carlo’s offer was coupled with a blistering attack on his sons, who have run GEDI for the past seven years.
Reporting by Giancarlo Navach and Giulio Piovaccari, editing by Silvia Aloisi