Mondadori acquires 70% of Edizioni Piemme
Following due diligence: price fixed at €14.107 million
Following legal authorisation and the positive results of duediligence, Arnoldo Mondadori Editore S.p.A. today exercised the contract as per thepreliminary agreement stipulated on 16 July – and already communicated to the market– forthe acquisition of 70% of the share capital of Edizioni Piemme S.p.A.
The definitive price, fixed on the basis of the results of due diligence, is of €14.107 million.
This operation will allow Mondadori to significantly strengthen its position in thechildren’s books segment and also acquire a portfolio of established authors in the fictionand non-fiction area.