Exor NV
Exor announces the launch of a Tender Offer to repurchase up to €750 Million in Ordinary Shares as part of its new €1 Billion Share Buyback Program
Exor N.V. (“Exor” or the “Company”) announces the launch of a tender offer to purchase ordinary shares with a nominal value of EUR 0.01 each in the share capital of Exor N.V. (each an “Ordinary Share”, and together the “Ordinary Shares”), executed via a reverse “Dutch auction”, for an aggregate consideration up to (and including) €750 million to Qualifying Shareholders (as defined below) (the “Tender Offer”).
Exor’s Board of Directors approves Half-Year 2023 Results and announces €1bn share buyback program
EXOR DELIVERS 23% GROWTH IN NAV PER SHARE IN H1,
OUTPERFORMING MSCI BY 11 p.p.
€1 BILLION BUYBACK PROGRAM ANNOUNCED
WITH TENDER OFFER AT UP TO 10% PREMIUM
• Exor reports NAV of €34.2 billion at 30 June 2023. NAV per share increased 22.8% over the first half of 2023, while outperforming the MSCI World Index by 11.3 p.p., mainly driven by the market performance of Listed Companies.
Exor becomes a long-term investor in Philips supporting the company’s strategy
Amsterdam, the Netherlands – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, and Exor N.V. (AEX: EXO), the Netherlands-based diversified holding company, announce they have entered into a relationship agreement as a result of which Exor has bought a 15% shareholding in Philips.
Impala and Exor join forces to develop TagEnergy, a fast-growing company in the renewable and energy storage sectors
Impala and Exor will partner through a new joint holding company, TagHolding, which will become TagEnergy’s largest single shareholder
Impala, the investment firm controlled by Jacques Veyrat and his family, and Exor N.V. (“Exor”), the diversified holding company controlled by the Agnelli family, announced today that they have joined forces to further develop TagEnergy, a fast-growing company operating in the renewables and energy storage sectors.