Exor and Covéa sign Memorandum of Understanding for the sale of PartnerRe for $9 Billion (€7.7 Billion)

Transaction would reinforce PartnerRe’s strategy, further confirming its status as one of the world’s leading reinsurers

Exor and Covéa to expand their reinsurance and investment cooperation

Paris and Amsterdam, 28 October 2021. Covéa, a leading French mutual insurer and Exor, the leading diversified holding company controlled by the Agnelli family, have signed a Memorandum of Understanding under which Covéa would, following the completion of a required consultation with works councils, enter into a definitive agreement to acquire PartnerRe (“PartnerRe” or “the Company”)

Exor’s board of directors approves Half-Year 2021 results

The Exor Board of Directors’ meeting, chaired by John Elkann, approved today the 2021 Half-year Financial Report.

NET ASSET VALUE (NAV)

At 30 June 2021 Exor’s NAV was $32,158 million, an increase of $2,657 million (+9%) compared to $29,501 million at 31 December 2020. At 30 June 2021 the NAV per share was $136.54, an increase of $11.28 per share (+9%) compared to $125.26 at 31 December 2020.

Exor and The World-Wide Investment Company Limited join forces to invest in and support Italian consumer goods excellence

Amsterdam and Hong Kong, 16 June 2021. Exor N.V. (“Exor”), one of Europe’s leading family-controlled holding companies, and The World-Wide Investment Company Limited (“WWICL”), Hong Kong’s oldest family office, announce a partnership between two multi-generational entrepreneurial families to invest in and support the global development of medium-sized Italian companies specialising in consumer goods excellence.

A new company to be called NUO S.p.A. (“NUO”) will be owned 50% by a WWICL company, and 50% by Exor. Tommaso Paoli, will become CEO of NUO S.p.A.

New appointments in Exor’s committees, composed of independent directors only

EXOR N.V. (“Exor” or the “Company”) announces that today the Board of Directors meeting deliberated a series of new appointments in the Company’s committees, which now are composed of independent Directors only.

Marc Bolland joins as Chair the Compensation and Nominating Committee, which also consists of Joseph Bae and Melissa Bethell. Mr. Bae and Mrs. Bethell are also part of the Audit Committee, chaired by Laurence Debroux. The newly created ESG Committee is formed of Ajay Banga (Chair), Marc Bolland and Laurence Debroux.

 

Exor and Peugeot 1810 strengthen relations to support Stellantis and discuss areas of common interest

Amsterdam / Neuilly-sur-Seine, 14 April 2021. On occasion of the first Annual General Meeting of Stellantis, Exor N.V. ("Exor") and Peugeot 1810 SAS ("Peugeot 1810"), both significant shareholders in Stellantis N.V., announce that they have entered into a consultation understanding aimed at strengthening the relations between the Agnelli and Peugeot families and to provide support for Stellantis in its long term success.

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