Milan, 6 February 2007 – Il Sole 24 ORE appointed Antonio Greco C.E.O. of Editoriale GPP. The appointment of Mr. Greco - who will continue as Director of the "Sector Publishing" Business Unit of Il Sole 24 ORE - will ensure that the publishing work of the GPP Group and the Group’s B2B publishing segment at its Milan headquarters, will be well coordinated.
One of his first objectives includes implementing the synergies that will make it possible to achieve a higher degree of visibility of the GPP products in the total offer of Il Sole 24 ORE Group and consolidate the leadership in the business information sector. With the acquisition of Editoriale GPP, to be executed in the month of April concurrent with approval of the Annual Report 2006, Il Sole 24 ORE will give life to the first Italian company in specialised technical publishing, with sales in excess of €80 million and a large and varied multimedia and multisector product portfolio.
GPP, a publishing company created from the merger of four leading Italian publishers (Agepe, Quasar, JCE, Faenza), had sales of more than €45 million in 2005 and operates in the Ho.Re.Ca. (Hotel, Restaurant and Catering), Retail, ICT (Information technology, Broadcasting and Electronics), Building industry and Medicine sectors.