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Exor ( (NL:EXO) ) has issued an update.
Exor N.V. has successfully priced an accelerated bookbuild offering, selling approximately 4% of Ferrari’s outstanding shares to institutional investors for €3 billion. Despite this sale, Exor remains Ferrari’s largest shareholder, with significant economic and voting rights, and has committed to a 360-day lock-up on its remaining shares, indicating its long-term commitment to Ferrari.
More about Exor
Exor N.V. is a prominent investment company founded by the Agnelli Family, known for its strategic investments in leading global companies. Its portfolio includes major stakes in Ferrari, Stellantis, Philips, and CNH, reflecting a blend of entrepreneurial spirit and financial discipline.
YTD Price Performance: 9.18%
Average Trading Volume: 1,784
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $33.15B
See more data about EXO stock on TipRanks’ Stock Analysis page.