The internal battle for the succession of the Agnelli would be reignited. Margherita de Pahlen daughter of Gianni Agnelli, who died in January 2003, and of Marella Caracciolo, who died in 2019, would like to question the structures of the family safe “December”, on which depends an empire estimated at 30 billion, disputing the inheritance of his son John Elkann who is in charge of it.
Agnelli inheritance, family struggle for the shares of the succession: the story
According to what reported by Corriere della Sera, after more than 15 years from the maxi-agreement signed with her mother Marella, from which she obtained over one billion euros, Margherita it would have challenged in Switzerland the contract by which it renounced the shares due to it in December, valued 105 million.
Shares then sold by the grandmother to the eldest grandson John Elkann who holds the majority. The “December simple society” is in fact divided between the children of Margherita, Lapo and Ginevra, for 20.6% each, and John for 58.8%.
This company is the historical leader of the family empire as the largest shareholder (38%) of Giovanni Agnelli bv which through Exor controls the stakes in Stellantis (14.4%), Ferrari (23%), Cnh (27%) and controls Partner Re (insurance), Juventus (64%) and the Gedi publishing group.
As reconstructed by the Corriere, the 45-year-old engineer would have come to own the majority shares of “December” through three steps: a direct donation of 25% from his grandfather; a direct donation in 2003 from the grandmother; the sale a year later by Marella itself of the bare ownership of its remaining shares to John, Lapo and Geneva.
If Margherita now challenged her mother’s succession, arguing that the applicable law is the Italian one and not the Swiss one, she would claim the right to the legitimate, that is, 50% of the inheritance of Marella.
Eredità Agnelli, fight for the shares of the succession: the comment of the family lawyers
“It has been about fifteen years since Margherita de Pahlen tries to question the succession agreements for her father and mother that she wanted and signed in 2004 and that they have procured assets that, at the time alone, were worth about one billion and three hundred million euros. It is precisely within the framework of these agreements that Margherita has decided to sell its stakes in the direct company of December, with a deed that is no longer reversible ”, affirm the lawyers of the Agnelli family.
“These rash claims, which will be firmly resisted in every place, are however not in any way suitable to question the Absolute majority stake held by John Elkann in the December company”Added the lawyers.
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