07:53 AM EDT, 06/26/2024 (MT Newswires) -- Royal Philips (PHG)'s largest shareholder, Exor NV, has raised its holding in the company to 17.51%, according to a US regulatory filing on Tuesday.

Exor acquired 19.5 million additional Philips shares for about 481 million euros ($513.8 million), according to the filing.

Exor, the holding company for Italy's Agnelli family, held 16.1% of Philips as of May 16.