Exor communicates that its Board of Directors, meeting under the Chairmanship of John Elkann, has acknowledged Covéa’s notice that Covéa will not honour its commitment to acquire PartnerRe in accordance with the terms of the Memorandum of Understanding (“MOU”) announced on March 3, 2020.
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.
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 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”).