Streetbeat News

EXXRF

Exor N.V.

https://www.exor.com/

CEO

John Elkann

Industry

Offices of Other Holding Companies

Open

95.40

Mkt cap

21B

Volume

300

High

97.36

P/E Ratio

1.18

52-wk high

114.92

Low

95.37

Div yield

0.01

52-wk low

88.65

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.

Portfolio Pulse from

March 06, 2025 | 11:15 pm

Exor N.V. has successfully priced an accelerated bookbuild offering, selling approximately 4% of Ferrari's outstanding shares, equating to around 7 million common shares.

Portfolio Pulse from

February 27, 2025 | 6:45 am

Exor N.V. has successfully priced an accelerated bookbuild offering, selling approximately 4% of Ferrari N.V.'s outstanding shares, equating to around 7 million common shares.

Portfolio Pulse from

February 27, 2025 | 6:45 am

Exor announced an accelerated bookbuild offering for approximately 4% of Ferrari's shares, raising around €3 billion. The proceeds will be used for diversification and a €1 billion share buyback program. Exor remains Ferrari's largest shareholder.

Portfolio Pulse from

February 26, 2025 | 5:00 pm

Exor N.V. released a periodic report on its buyback program, detailing recent activities and updates.

Portfolio Pulse from

November 11, 2024 | 7:30 am

Exor N.V. (OTC:EXXRF) has increased its stake in Clarivate Plc (NYSE:CLVT) to 10.1% with an option to further increase it to 17.5%. Suzanne Heywood, COO of Exor, is proposed to join the Clarivate Board of Directors, pending election at the Annual General Meeting on May 7, 2024. Clarivate's shares rose by 3.01% to $7.36 following the announcement.

Portfolio Pulse from Akanksha Bakshi

March 04, 2024 | 3:56 pm

Investors organisations Eumedion and VEB have raised questions about the way Exor was able to build up a 15% stake in Philips without reporting significant stakes to the regulator AFM. Market sources suggest that Exor signed a deal with Goldman Sachs to provide most of the shares, thereby avoiding reporting requirements. Goldman Sachs declined to comment on the market rumours. The AFM is closely following the case.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 3:08 pm

Exor, an Italian holding company, has become a long-term investor in Philips, a Dutch multinational conglomerate, by acquiring a 15% shareholding.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 5:33 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.