Exor expects to rake in 2 billion euros ($2.32 billion) in proceeds this year from selling its stakes in four companies, the Agnelli family’s investment firm said on Monday.
The firm has signed stake sale deals with truck and bus maker Iveco Group, media group GEDI, healthcare firm Lifenet and investment vehicle Nuo, with the proceeds expected to exceed 1.4 times the invested capital, Exor said.
The sales have let Exor increase its cash available for deployment to more than 3.5 billion euros, putting it in a position to pursue an investment “similar in scale and ambition to Philips,” CEO John Elkann said in a letter to shareholders.
Exor bought a 15% stake in Dutch health technology group Philips in 2023 and raised its holding to 19% in 2025. The stake was worth about 4.2 billion euros as of December-end.
Exor also held a 27.1% stake in Iveco worth around 1.4 billion euros as of December-end, its latest annual report, showed. It held 49.7% in Nuo, 45.2% in Lifenet, and full ownership of GEDI, worth about 424 million euros combined.
The firm’s net asset value per share fell 8% in 2025, compared to a 5% rise in the MSCI World Index, driven by challenges at its largest companies, Exor said.
Exor owns a 15.5% stake in Stellantis, which took a writedown of about 22.5 billion euros in the second half of 2025 related to the scale-down of its electric-vehicle ambitions, slamming its shares.
Stellantis will continue to be at the forefront of the development of electric vehicles, Elkann said, adding that he is “confident that Stellantis will turn the corner”.
Source: Reuters.com