Italian group Exor increases stake in The Economist to 43%

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Pearson Ltd. has sold its 50% share of The Economist to the Italian investment group Exor S.p.A. and existing shareholders. Turin-based Exor increased its stake in the company from 5% to 43%. The Economist Group is valued at £950 million. EUI members can join the Library subscription to The Economist and other publications via the economic news directory.