Extensive wealth revealed: Net assets worth a staggering 36 billion for Exor
Exor Embraces the Future: A Look at the Holding Company's Strategic Moves
Exor, the holding company of the Agnelli-Elkann family, is gearing up for an exciting new chapter. With a net asset value of 40 billion euros and a net value of assets at 36 billion euros, Exor is ready to support Ferrari in the launch of its first fully electric model.
The faith in Ferrari remains absolute for Exor, who proudly hold the title of its reference shareholder, committed to the long term. The funds for Exor come from the monetization of assets, including the placement of Ferrari shares, and from dividends received. This strategic move brought a significant return of eleven times the investment, with a reduction in Ferrari's stake netting Exor 3 billion euros.
John Elkann, CEO of Exor, has also shown confidence in Antonio Filosa as Stellantis' CEO, expecting him to lead the company through a successful transformation. Elkann predicts a very promising future for Iveco Group due to Tata Motors' resources and commitment to its long-term strategy. A strategic agreement will bring new opportunities for Iveco Group in the next chapter of its history.
Elkann has also increased Exor's stake in Philips, guided by the conviction in the company's long-term potential. Via, another company under Exor's wing, has affirmed its position in the mobility technologies sector, recently listed on the New York Stock Exchange.
The start of 2025 was marked by significant instability due to tariffs and regulatory uncertainties. Amidst these challenges, Exor has made consistent progress, reducing the portfolio's concentration through successful monetization operations. John Elkann reassures shareholders that the group's companies will emerge stronger from these challenges.
In Turin, Michele De Palma, secretary general of Fiom, appeals for a guarantee from the country to safeguard the Iveco brand from the risk of overlaps. As Exor moves forward, it continues to maintain a cash reserve of approximately 4 billion euros for new investments.
Exor is eagerly awaiting the future, ready to support its companies through strategic partnerships and the sale of equity stakes in the next phase of their histories. The journey ahead promises to be exciting, as Exor navigates the ever-evolving landscape of the automotive and technology sectors.
Read also:
- Strategizing the Integration of Digital Menus as a Core Element in Business Operations
- Financial Actions of BlockDAG Following Inter and Borussia Agreements: Anticipating Future Steps
- International powers, including France, Germany, and the UK, advocate for the reinstatement of sanctions against Iran.
- Companies urged to combat employee resignation crisis, as per findings from the Addeco Group
