Exor Launches €500M Buyback
Exor announced a €500 million share buyback after recent asset sales boosted its deployable cash to around €4 billion. The investment firm also reported a first-half net asset value of €157.9 per share alongside a lower gross asset value.
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EXOR NV announced a share buyback of €500 million ($572 million) on Tuesday morning, lifting its deployable cash position to approximately €4 billion. The investment arm of Italy's Agnelli family funded the move through asset sales, including its stake in IVECO GROUP NV and the planned disposal of Welltec. The buyback represents a capital return strategy following portfolio adjustments across its core holdings.
