John Elkann he is no longer president of Giovanni Agnelli Bv, the safe that controls 52% of the holding Exor, and no longer sits on its board. However, she maintains command within the group headed by the family. The news emerged with the publication of the documents that formalize the acquisition by Exor of 15% of the Dutch company Philips. Choice that Elkann explains to Financial Times saying that Exor hears “a strong affinity with health care” and that “the first results” of the investment of over 800 million euros made last year in the French healthcare group Merieux Institute strengthened the group’s conviction “on theimportance of this sector and its growth potential“.
Read Also | By Alessandro Mantovani.
Healthcare, policies and funds instead of the public service: 17 million Italians are insured
To succeed Elkann at the helm of Giovanni Agnelli is Jeroen Preller, Dutch lawyer, partner of the law firm NautaDutilh. In the safe, which is headquartered in Whensix exponents of the three branches of the Agnelli family remain: Andrea Agnelli, Nicolò Camerana, Benedetto Della Chiesa, Luca Ferrero Ventimiglia, Filippo Scognamiglio and Alexandre Von Furstenberg. Besides Elkann they left Alexander Nasi and Tiberto Brandolini D’Adda.
Giovanni Agnelli Bv is a private company incorporated under Dutch law which brings together the descendants of the founder of Fiat Giovanni Agnelli and was established with the aim of maintaining unity and continuity in the investment in Exor. The most significant shareholder with about 38% is the company Dicembre which continues to be chaired by Elkann. Then there are the heirs of Maria Sole (12.32%) and Umberto (11.85%) and to follow the other members of the family. Every year Exor, who checks Stellar, FerrariCnh, Iveco and the Juventusdetach 100 million euros of dividends and 52% goes to Giovanni Agnelli.
Elkann’s decision, which he has already left to the Indian Ajay Banga the presidency of Exor, maintaining the position of managing director, is explained by the desire to concentrate on the operational role. The finance company has a particular focus on technologies and health, as demonstrated by the acquisition for 2.6 billion euros of 15% of Philips, the Dutch giant which for over a century has been a big name in consumer electronics, with its radios, record players, TVs and CD players. Exor has become the first shareholder and will have a seat on the board of directors. The investment is therefore part of an evolution of the family holding which now concentrates investments in the sectors of health, technology and luxury.
2023-08-29 17:01:47
#Elkann #longer #president #Giovanni #Agnelli #controls #Exor #Fatto #Quotidiano
/origin-imgresizer.eurosport.com/2023/08/29/3773638-76762688-2560-1440.jpg?resize=150%2C150&ssl=1 "Daniil Medvedev Dominates Attila Balazs at the 2021 US Open: Match Highlights and Analysis")
