La Stampa changes ownership, Sae group completes purchase

The Sae Group has completed the acquisition of the daily newspaper La Stampa and related business units. To facilitate this process, the Sae Group has set up a sub-holding company, Sae Piemonte - composed of the Sae Group with 51% and Toto Holding with 49% - aimed at a majority stake in La Stampa Sae, which will own the newspaper. The role of managing director will be entrusted to Massimo Briolini, while the position of chairman will be taken by Paolo Ceretti. The shareholders include Fondazione di Sardegna, Carimonte Holding, Sportcast, Reale Mutua, and Toto holding.

"The acquisition of La Stampa is a significant step in the growth strategy undertaken by the Sae Group. We believe that the publishing sector can grow through investments in innovative, quality assets and integrated communication projects, capable of making publishing groups sustainable and truly competitive. This is the path that in recent years has allowed us to build a solid reality, with important margins and a growing turnover. A valid industrial project, the credibility of which has also been confirmed by an investment collection that has far exceeded expectations. We will bring La Stampa even more to the centre of the media landscape, innovating and enhancing its talents, tradition, and identity. This achievement has been possible above all thanks to the commitment and professionalism of the journalists in our group. Knowing the quality of those who make up the editorial staff of La Stampa, we can only look to the future with confidence, certain that even greater successes await us,' said Alberto Leonardis, president and CEO of the Sae Group.