Exor: Too Much Of A Discount, Buy Confirmed
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Exor has sold a 4% stake in Ferrari for €3 billion to institutional investors, aiming to diversify its portfolio. Additionally, Exor plans a €1 billion buyback program to enhance shareholder returns and finance a new acquisition. The NAV discount is at a record level, confirming a buy recommendation.
March 06, 2025 | 11:15 pm
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Exor sold a 4% stake in Ferrari for €3 billion, plans a €1 billion buyback, and aims for a new acquisition. The NAV discount is at a record level, confirming a buy recommendation.
The sale of Ferrari shares provides Exor with significant capital, which, along with the buyback program, is likely to enhance shareholder value. The record-level NAV discount and strategic moves confirm a positive outlook, supporting a buy recommendation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100