Exor and The World-Wide Investment Company Limited join forces to invest in and support Italian consumer goods excellence
Amsterdam and Hong Kong, 16 June 2021. Exor N.V. (“Exor”), one of Europe’s leading family-controlled holding companies, and The World-Wide Investment Company Limited (“WWICL”), Hong Kong’s oldest family office, announce a partnership between two multi-generational entrepreneurial families to invest in and support the global development of medium-sized Italian companies specialising in consumer goods excellence.
A new company to be called NUO S.p.A. (“NUO”) will be owned 50% by a WWICL company, and 50% by Exor. Tommaso Paoli, will become CEO of NUO S.p.A.