Exor NV

Exor has appointed Benoit Ribadeau-Dumas as deputy chief executive officer. Ribadeau-Dumas will continue to report to CEO John Elkann. » Więcej na de.investing.com

Exor reports a decline in NAV per share of 8% to €164.4 for 2025 and a TSR of -18% for shareholders, while the share price closed near its 52‑week low. The main cause were losses at automotive holdings Ferrari, Stellantis and CNH Industrial, which reduced the NAV by €14.9 per share. Positive effects came from portfolio simplification through disposals (including Iveco) and the strong performance of the investment platform Lingotto, which contributed €5.6 per share to NAV. Exor emphasizes financial discipline with a low LTV, a €1bn share buyback program and a 2026 strategy to focus on larger stakes and further portfolio simplification. » Więcej na de.investing.com

Exor and the Ferrari family have extended their shareholder agreement by three years; the agreement renews automatically unless it is terminated. The arrangement allows coordinated voting at shareholder meetings and includes a right of first refusal, requiring that intended sales be offered to the other party first. Exor remains a major shareholder and has held stakes in Ferrari for decades. » Więcej na finanzen.net

Stablecoin issuer Tether has made a takeover bid for Juventus Turin and says it is willing to pay about €1.1 billion for the club and invest €1 billion. The Agnelli family investment company Exor, which holds almost two thirds of the shares, rejected the offer and said it will not sell its stake. Tether CEO Paolo Ardoino emphasizes personal ties and financial strength, while Juventus is going through a difficult sporting and financial period. » Więcej na heise.de