CIR Group
Encyclopedia
CIR Group is the industrial holding company
of the De Benedetti Group, controlled by COFIDE — Gruppo De Benedetti, the financial holding company of the De Benedetti family.
CIR principal holdings include media (Gruppo Editoriale L'Espresso
, in which it holds 54.8%), energy (Sorgenia, which it controls in conjunction with Austria's Verbund
), automotive components (Sogefi), and health care (KOS). CIR is also an anchor investor of venture capital funds managed by Noventi
.
The group was established by Carlo De Benedetti
in 1976. He remains honorary chairman of the company today, with his son Rodolfo De Benedetti
having served as CEO since 1995.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
of the De Benedetti Group, controlled by COFIDE — Gruppo De Benedetti, the financial holding company of the De Benedetti family.
CIR principal holdings include media (Gruppo Editoriale L'Espresso
Gruppo Editoriale L'Espresso
Gruppo Editoriale L'Espresso S.p.A. is an Italian Media conglomerate, founded in 1955 and based in Rome, Italy and listed on the Italian Stock Exchange.- Shareholding :* CIR Group - 50,852%* Carlo Caracciolo - 10,008%...
, in which it holds 54.8%), energy (Sorgenia, which it controls in conjunction with Austria's Verbund
Verbund
Verbund AG, formerly known as Verbundgesellschaft or Österreichische Elektrizitätswirtschafts-AG, is Austria's largest electricity provider. Verbund covers around 40 percent of electricity demands in Austria and generates 90 percent thereof from Hydro power. In addition, Verbund operates the...
), automotive components (Sogefi), and health care (KOS). CIR is also an anchor investor of venture capital funds managed by Noventi
Noventi
Noventi Ventures is a venture capital firm founded in 2002 by Giacomo Marini and it was previously known as CIR Ventures.The Noventi team includes: Giacomo Marini, Masa Ishii, Pierluigi Zappacosta.-Portfolio:...
.
The group was established by Carlo De Benedetti
Carlo De Benedetti
Carlo De Benedetti is an Italian industrialist, engineer and publisher. He is both an Italian and naturalized Swiss citizen....
in 1976. He remains honorary chairman of the company today, with his son Rodolfo De Benedetti
Rodolfo De Benedetti
Rodolfo De Benedetti is an Italian entrepreneur and company executive, Chief Executive of the CIR Group .- Biography :...
having served as CEO since 1995.