EXOR announces Private Placement of €500 mn notes maturing 2030
EXOR announces the pricing, with the signing taking place today, of €500 million non-convertible notes through a private placement to institutional investors.
The purpose of the issuance is to raise new funds for EXOR’s general corporate purposes.
The notes, with an issue price of 98.489% and a fixed annual coupon of 2.25% will reach final maturity on 29 April 2030.
The settlement will take place on 29 April 2020 and the notes (rated BBB+ by Standard & Poor’s) will be listed on the Luxembourg Stock Exchange for trading on the Euro MTF Market.
Acquisition of Gedi Gruppo editoriale S.p.A.
Closing of the acquisition of 48.8% of the share capital of GEDI from CIR and Mercurio (Perrone family)
Agreement signed with SIA BLU and Giacaranda Caracciolo for the acquisition of a further stake in GEDI equal to 6.07% of the share capital Agreements signed to reinvest in Giano Holding in order that CIR and Mercurio will remain shareholders, each with a see-through stake of 5% in GEDI.
EXOR completes investment in Via
EXOR N.V. (“EXOR”), one of Europe’s leading family-controlled holding companies, announces that following receipt of US antitrust approval, it has completed its investment of $200 million to acquire an 8.87% shareholding on a fully diluted basis in Via Transportation Inc. (“Via” or “the Company”).
CIR and Exor to complete acquisition of 43.78% of GEDI on 23 April 2020
Amsterdam/Milan 3 April 2020. Following receipt of the necessary approvals from the competent authorities, including the European Commission and AgCom, CIR S.p.A. – Compagnie Industriali Riunite (“CIR”) and EXOR N.V. (“EXOR”) communicate that completion of the transaction announced on 2 December 2019, concerning the acquisition by EXOR of the shareholding equal to 43.78% of the total share capital of GEDI Gruppo Editoriale S.p.A. (“GEDI”) held by CIR, will take place on 23 April 2020 at a price of €0.46 per share, which corresponds to a total consideration of €102.4 million.
Exor invests $200 million in VIA
Fast-growing technology company specialises in dynamic, data-driven optimization of public mobility systems around the world
Exor’s Board of Directors approves 2019 results
The EXOR Board of Directors’ meeting, chaired by John Elkann, approved the 2019 Annual Report, which will be submitted for adoption to the Annual General Meeting of Shareholders on 20 May 2020.