GRUPPO ESPRESSO AND ITEDI SIGN AGREEMENT ON BUSINESS COMBINATION Completion of the transaction expected during first quarter of 2017Business Combination Agreement • August 1st, 2016 • Fiat Chrysler Automobiles N.V. • Motor vehicles & passenger car bodies
Gruppo Editoriale L’Espresso S.p.A. (“GELE”) and ITEDI S.p.A. (“Itedi”), in furtherance of the memorandum of understanding dated March 2nd of this year, announced today the signing of a framework agreement, which sets out the terms of the proposed integration between the two companies. The agreement was also signed by CIR S.p.A. (“CIR”), controlling shareholder of GELE, as well as Fiat Chrysler Automobiles N.V. (“FCA”) and Ital Press Holding S.p.A. (“Ital Press”), controlled by the Perrone family, the shareholders of Itedi.
