Exor announces memorandum of understanding for sale of PartnerRe to Covéa for $9 billion
Proposed transaction will create one of the world’s leading reinsurers by balance sheet size
Aggregate cash return for EXOR of $3 billion
EXOR confirms it has received an approach from Covéa regarding the acquisition of PartnerRe
Amsterdam, 9 February 2020. EXOR confirms that it has entered into exclusive discussions with Covéa regarding a possible all-cash acquisition of PartnerRe.
These discussions are ongoing and there is no certainty that they will result in a transaction. EXOR will refrain from further comment until the final outcome of the discussions is known.
Board of Directors Meeting
The EXOR Board of Directors’ meeting, chaired by John Elkann, approved today the 2020 Half-year Financial Report.
Annual General Meeting of Shareholders
Annual General Meeting of Shareholders for the adoption of the Company’s 2019 financial statements
Board of Directors Meeting
Board of Directors Meeting
EXOR N.V. publishes its 2020 Corporate Calendar
EXOR N.V. (MTA: EXO) announced today the following Corporate Calendar for 2020:
S&P improves outlook on EXOR N.V.’s rating
S&P Global Ratings (S&P) communicated today that it has affirmed Exor’s long-term and short-term ratings (“BBB+” and “A-2” respectively) and it has improved the outlook to “positive” from “stable”.
Agreement signed for the sale to Exor of CIR’s 43.78% shareholding in GEDI
AGREEMENT SIGNED FOR THE SALE TO EXOR OF CIR’S 43.78% SHAREHOLDING IN GEDI, FOR €0.46 PER SHARE, REPRESENTING A TOTAL CONSIDERATION OF €102.4 MILLION
AFTER CLOSING, EXOR WILL LAUNCH A PUBLIC TENDER OFFER AT A PRICE OF €0.46 PER SHARE VIA A NEWCO
CIR INTENDS TO REINVEST IN THE NEW COMPANY IN ORDER TO RETAIN A 5% SHAREHOLDING IN GEDI
2019 Exor Investor Day
EXOR N.V. (MTA: EXO) will hold its 2019 Investor Day event tomorrow 21 November 2019 in Turin, Italy. The event will be hosted by Exor’s Chairman and CEO John Elkann, together with the Company’s leadership team. Attendance in person is by invitation only.
A live video webcast of the event will begin tomorrow at 3:00pm CET/ 2:00pm GMT / 9:00am EST. To access the webcast please refer to: livestream.com/ExorWebcast2019. Registration will be required.
EXOR announces the closing of its €300 million notes offering
EXOR N.V. announces today the settlement of the previously announced €300 million notes offering, priced on 7 October 2019 with a fixed annual coupon of 1.75% and due 14 October 2034.
The notes have been listed on the Luxembourg Stock Exchange for trading on the Euro MTF Market with a BBB+ credit rating assigned by Standard & Poor’s.