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Exor reports asset value drop, plans major investments after Iveco sale
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Exor reports asset value drop, plans major investments after Iveco sale
Sep 17, 2025 10:44 AM

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)

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