Exor
| Exor NV
|
|
|---|---|
 |
|
| legal form | Naamloze vennootschap |
| ISIN | NL0012059018 |
| founding | July 27, 1927 |
| Seat | Hoogoorddreef 15, 1101 BA Amsterdam , The Netherlands
|
| management | |
| Number of employees | 23 (Holding) 268,979 (Group of companies) |
| sales | EUR 143.76 billion (group of companies) |
| Branch | Holding |
| Website | www.exor.com |
| As of December 31, 2019 | |
The Exor NV is a leading Dutch investment company owned by the Italian entrepreneurial family Agnelli . Society invests in the long term. Major holdings include Fiat Chrysler Automobiles , CNH Industrial and Ferrari .
history
In 1957 IFI took control of the Istituto Commerciale Laniero Italiano trading company, which was primarily active in the textile and wool business . In 1963, the institute expanded its business into the banking sector and was renamed Istituto Bancario Italiano Laniero . Three years later, the banking business had meanwhile been outsourced to Banca Subalpina, the company, now renamed Istituto Finanziario Italiano Laniero (IFIL) , played the same role as IFI and was involved in investment management in a similar way.
IFI acquired over the decades investments in various companies, including Unicem and 3M , has now, however, many separated again . IFI listed preferred shares on the Borsa Italiana in 1968 . As part of a restructuring of the Agnelli family's holdings in 2008, IFI and IFIL merged to form Exor. The new name goes back to the French company (then majority owner of Perrier and the Château Margaux winery ), which it took over in 1991. The family company Giovanni Agnelli BV holds 52.99% of the share capital. In 2015, Exor was ranked 19th in the Fortune Global 500 list of the world's top-selling companies.
Mergers, Shares, and Acquisitions
PartnerRe
In 2015, Exor acquired PartnerRe for $ 140 per share (totaling $ 6.9 billion). The original offering was $ 130 per share, after which Axis Re offered $ 120.31 per share plus $ 11.50 in the form of a pre-closing dividend.
The Economist
On August 12, 2015, the publisher announced the purchase of three-fifths of the shares currently owned by Pearson PLC held Economist Group to -Aktien by Exor. Exor held shares in the Economist Group prior to this purchase. Pearson PLC, which includes the Financial Times , has had a non-controlling 50 percent stake in The Economist Group since 1928. The Economist Group has announced that it will buy back the remaining two-fifths of Pearson's shares.
Cushman & Wakefield
On September 2, 2015, Exor sold real estate consultancy Cushman & Wakefield to Chicago-based DTZ for a net US $ 1.28 billion. The Agnelli family holding made a capital gain of $ 722 million on the sale.
Holdings
Status: July 2020
| society | Capital shares | Voting rights |
|---|---|---|
| PartnerRe | 100.00% | 99.72% |
| Juventus Turin | 63.77% | 63.77% |
| Gruppo Editoriale L'Espresso | 54.83% | 56.91% |
| The Economist Group | 43.40% | 20.00% |
| Fiat Chrysler Automobiles | 28.67% | 42.44% |
| CNH Industrial | 26.89% | 42.22% |
| Ferrari | 22.91% | 35.80% |
| Banca Leonardo | 16.51% | 16.51% |
| Welltec | 16.19% | 16.19% |
Shareholders
As of December 31, 2019
| society | Capital shares |
|---|---|
| Giovanni Agnelli BV | 52.99% |
| Harris Associates LP | 4.99% |
| Free float | 42.02% |
See also
Web links
- Exor NV website (Italian, English)
Individual evidence
- ↑ EXOR - Board of Directors. Exor NV, accessed April 4, 2017 .
- ↑ a b c 2019 Annual Report. (pdf) In: exor.com. Retrieved July 2, 2020 .
- ↑ a b EXOR - Investments. Exor NV, accessed April 4, 2017 .
- ↑ EXOR Group. (No longer available online.) Archived from the original on December 31, 2016 ; Retrieved April 4, 2017 (American English). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Agnelli-Holding Exor: Fiat owners buy reinsurers . ( handelsblatt.com [accessed April 4, 2017]).
- ^ Mark Sweney: Pearson sells Economist Group stake for £ 469m . In: The Guardian . August 12, 2015, ISSN 0261-3077 ( theguardian.com [accessed April 4, 2017]).
- ↑ New heavyweight on the march: DTZ buys Cushman & Wakefield. Retrieved April 4, 2017 .
