EXOR S.p.A. fully supports the transaction announced today between Fiat Industrial S.p.A. and CNH Global N.V.
EXOR intends to attend the Fiat Industrial shareholders’ meeting and to vote all of its shares in Fiat Industrial in favor of the Merger Agreement and the related transactions.
EXOR confirms its current intention to maintain voting rights in the newly-formed company above the legal threshold for a mandatory take-over offer.
EXOR’s Chairman and CEO John Elkann stated: “Today’s announcement is a further step forward to the creation of a new international player in the capital goods industry: its global scale and professional skills will support its ambitious growth plans worldwide. I confirm the commitment of EXOR in supporting the new company in the long term.”