Company's net worth stands at a staggering 36 billion dollars
Exor Embraces the Future: A Look at the Agnelli-Elkann Family's Holding Company
Exor, the holding company of the Agnelli-Elkann family, is gearing up for an exciting future. With a net value of 36 billion euros at the end of the first half, the company is well-positioned for new investments.
John Elkann, CEO of Exor, has highlighted several companies with great potential. These include Ferrari, Stellantis, and CNH Industrial. Exor has reduced its stake in Ferrari, bringing in 3 billion euros for the company, a return of eleven times the initial investment. The company's faith in Ferrari remains absolute, and they are proud to be its reference shareholder, committed to the long term.
In the case of Ferrari, Exor eagerly awaits the launch of the Italian automaker's first fully electric model. The next phase of Ferrari's journey will be presented at the Capital Markets Day in October.
Meanwhile, in Turin, Michele De Palma, the Fiom secretary general, has appealed for a guarantee from Stellantis CEO Antonio Filosa and Prime Minister Giorgia Meloni to safeguard the Iveco brand from the risk of overlaps. Elkann, however, predicts a very promising future for the Iveco Group, citing Tata Motors' resources and commitment to supporting its long-term strategy. He reaffirms his confidence in Filosa for guiding the company on a successful transformation path.
Exor also has 4 billion euros in cash for new investments. These funds have come from the monetization of assets, including the placement of Ferrari shares, and received dividends. Elkann has also mentioned an increase in the stake in Philips, guided by his conviction in the company's long-term potential.
Elkann has affirmed Via in the mobility technologies sector, recently listed in New York. He also reassured shareholders of the group's companies' ability to emerge stronger from difficulties, despite the start of 2025 being marked by tariffs and regulatory uncertainties that significantly impacted Exor's companies. The company's gross value at the end of the first half was 40 billion euros.
In summary, Exor is ready to support its companies in their next phases, eagerly anticipating the future, and confident in their ability to navigate challenges and seize opportunities.
Read also:
- Deepwater Horizon Oil Spill: BP Faces Record-Breaking Settlement - Dubbed 'Largest Environmental Fine Ever Imposed'
- Cars' Environmental Impact Explained
- Lawsuit of Phenomenal Magnitude: FIFA under threat due to Diarra's verdict, accused of player injustice
- Union IG Metall advocates for a swifter expansion of electrical mobility in the Eastern region.
