Exor to generate $2.3 billion from stake sales in Iveco, GEDI, Lifenet and NUO
23/03/2026 21:20
March 23 (Reuters) - Exor EXOR.AS expects to rake in 2 billion euros ($2.32 billion) in proceeds this year from selling its stakes in four companies, the Agnelli family's investment firm said on Monday. The Italian company has signed stake sale agreements with truck and bus maker Iveco Group IVG.MI, media group GEDI, healthcare firm Lifenet and investment vehicle NUO. The sales have let Exor increase its cash available for deployment to more than 3.5 billion euros, putting it in a position to pursue an investment "similar in scale and ambition to Philips," CEO John Elkann said in a letter to shareholders. ($1 = 0.8613 euros) (Reporting by Natalia Bueno Rebolledo in Mexico City; Editing by Shailesh Kuber) ((natalia.bueno@thomsonreuters.com))