Exor’s FY24 performance was uninspiring, with Stellantis dragging down the very strong contribution from Ferrari. Recent actions—reducing Ferrari concentration, executing a large buyback, and ...
Exor trades at an 88% NAV discount, which, we believe, is unjustified given its diversified holdings and substantial Ferrari stake. While Stellantis faces challenges, Exor's exposure to more resilient ...
The Tender Offer will be carried out as part of the €1 billion share buyback program announced by Exor in February 2025. Exor's Board of Directors believes that the current value of Exor provides an ...