 
	MILAN, Sept 17 (Reuters) - The Agnelli family's
financial arm Exor reported on Wednesday a fall in the
value of its assets and confirmed it was looking to make
"significant" new investments after the sale of bus and truck
maker Iveco ( IVCGF ).
Presenting first-half results, Exor said its net asset value
fell to 36.4 billion euros ($43.1 billion) from 38.2 billion
euros at the end of 2024.
The drop was mainly due to a decline in the value of the
companies it has stakes in, which include automaker Stellantis ( STLA )
, agricultural and construction vehicle maker CNH
and soccer team Juventus, Exor said.
Its net asset value per share rose 0.9% in the period,
supported by a 1 billion euro share buyback, outperforming the
MSCI World Index, which is taken as a reference.
Exor, which has investments spanning manufacturing to media
and fashion to healthcare and technology, in July agreed to sell
Iveco ( IVCGF ) to India's Tata Motors, and Iveco's ( IVCGF ) defence
business to Italian state backed group Leonardo. The
deal will generate around 1.5 billion euros in total cash
proceeds in 2026.
Exor is "well-positioned to seize significant investment
opportunities", it said on Wednesday.
Reuters reported last month that the sale would boost Exor's
coffers to more than 4 billion euros.
The family holding, which also controls luxury sports-car
maker Ferrari and is the largest investor in Philips
, posted a 624 million euro loss in the first half of
this year.
($1 = 0.8442 euros)
 
				 
				 
				