CIR Group
CIR ( Compagnie Industriali Riunite ) SpA is an Italian industrial holding company; which is controlled by the family De Benedetti.
History
1976 acquires Carlo De Benedetti, the company CIR and converts it into an industrial holding company; in the same year is purchased as a first investment the company AMF Sasib. 1978 acquires CIR under a capital increase, the majority of shares in Olivetti and Carlo De Benedetti is CEO of Olivetti. 1981 CIR begins with the acquisition of Sogefi its activities in the automotive sector, which are expanded in the following years through further acquisitions. 1985 food manufacturers Buitoni - Perugina is taken - 1988 this is sold to Nestle. 1987 involved CIR on the Mondadori group that takes over in 1989, the control of the publisher espresso. 1991/1992 Mondadori is broken up and divided between CIR and Fininvest; Fininvests part is to Arnoldo Mondadori Editore CIRs, Gruppo Editoriale L' Espresso to; also the area of media will be expanded in the following years. 1998 CIR sold its stake in Olivetti. 1999 - (later renamed Sorgenia ) for Investments founded the company Energia in the energy sector, 2002 Energia gets permission for the construction of a power plant in Termoli - along with the electricity company Austrian Electricity Management AG.
2003 HSS Holding Sanità e Servizi is established for health activities in the area. 2005 Jupiter Finance is established to act in relation to those in need loans. 2007 buys CIR together with Merrill Lynch Oakwood Financial Investments. 2009, the Fininvest group of Berlusconi clan is sentenced to compensation in the amount of € 750 million to the CIR group for bribery of a judge in connection with the destruction of the Mondadori company.
Portfolio
CIR is a pure holding company which does not interfere with the daily operations of its subsidiaries. The portfolio is intended to include a mix of high-margin, high-growth investments.
The current portfolio of CIR is now divided into five segments: Utilities, Media, Automotive Components, Healthcare and Financial Services, which are managed by sub- holding companies.
With a turnover of 2.4 billion euros (2008 ) of the Utilities section contributes the largest part of Group sales, followed by Media and Automotive Components, each with a billion.
Utilities
The Utilities section holds a 54.1 % stake in Sorgenia, the biggest founded after the deregulation of the market energy companies in Italy.
Media
The field of media holds a stake of 54.8 % of Gruppo Editoriale L' Espresso, which includes, among others, the newspaper La Repubblica, the magazine L'Espresso, 16 local newspapers and the radio station Radio Deejay, Radio Capital and m2o.
Automotive Components
The Automotive Components Division holds a stake of 57.6 % in Sogefi, which over the years by numerous Zukäufte a leading automotive supplier, especially for filters and suspension; was expanded, Sogefi holdings include the following investments:
- Filter FFiltrauto S. A. (France)
- Sogefi Filtration SpA (Mantua )
- Sogefi Filtration Ltd (UK)
- Sogefi Filtration SA ( Spain)
- Sogefi Filtration do Brasil Ltda (Brazil )
Health Care
The Healthcare holds a stake of 65.4 % in the HSS Holding Sanità e Servizi, this holds essentially three investments:
- Residenze Anni Azzurri and Meia, which operates 35 nursing homes
- S. Stefano, Rehab, Redancia, the five rehabilitation centers operates
- Ospedale di Suzzara, hospitals or parts of it operates
Financial Services
The Financial Services includes two main activities:
- 98.8 % of Jupiter Finance
- 47.5 % at the Oakwood group
Other
In addition, there are a few other small activities, including in real estate and venture capital
Share
The stock is listed on the Milan Stock Exchange.
Principal owner is cofide ( Compagnia Finanziaria De Benedetti ), which owns 45.5% of shares, 37.3 % are in free float. Cofide is the financial holding company of the De Benedetti family and also listed on the Milan Stock Exchange.