Exor (company)

On October 5, 2017, EXOR held its first Investor Day event, which was led by Exor & PartnerR’s leadership teams which provided financial updates and the latest developments from their respective companies.[12]

On November 21, 2019, a second one was hosted on the occasion of Exor's 10th anniversary. During the meeting John Elkann, together with the management team, illustrated the Company’s performances, growth and key achievements over the past 10 years.[13]

Both events took place at the Agnelli Foundation in Turin (Italy).

On August 12, 2015, the editor announced that Exor would purchase three-fifths of the Economist Group shares then owned by Pearson PLC.[14] Exor held shares in the Economist Group prior to this purchase.[14] This was considered to be the "most important change to The Economist's shareholding structure in almost 90 years."[14] Pearson PLC which also owned the Financial Times had had a non-controlling 50% stake in the Economist Group since 1928. The Economist Group will bought back the remained two-fifths of Pearson shares.[15][14]

On September 2, 2015 Exor closed the sale of Cushman & Wakefield to Chicago-based DTZ for $1,28 billion in net, generating a capital gain of $722 million for the holding company of Italy's Agnelli family.[16]

In 2016 Exor bought PartnerRe with a bid of $140 per share (total $6.9 billion).[17] Originally it had offered $130 per share and in response Axis Re offered $120.31 per share in paper plus $11.50 in a pre-closing dividend.[18]

In March 2020, EXOR announced an agreement to sell PartnerRe to French mutual insurer Covea for $9 billion plus a $50 million cash dividend upon closing.[19] [20]The sale was not finalised, as Covéa withdrew the offer on May 12, 2020.[21]

In December 2019 Exor agreed to buy a 43.7 per cent stake in GEDI, Italy’s leading media group, for €102.4m from CIR, the holding company of the De Benedetti dynasty. The acquisition was closed in April 2020, when the company raised GEDI stake above 60%, corresponding to 63.21% of voting right.[22] [23]

In December 2019 FCA and Groupe PSA have announced a merge, which will be completed in 12/14 months. [24] [25] [26]

In April 2020, has signed an agreement to invest a total amount of $200 million to acquire a 8.87% of Via Transportation Inc., a technology company specialising in the dynamic, data-driven optimisation of public mobility systems in cities all around the world.[27] [28]