Once the sale of the reinsurer PartnerRe [4] is finalized, Exor, the Agnelli family's holding company, will be in possession of 9 billion EUR (10.2 billion USD). A large sum of money to fructify.
John Elkann, Exor's CEO, says that 500 million EUR (565.4 million USD) will be used to reduce the holding's debts, estimated at 4.5 billion EUR (5.1 billion USD), while a second sum equivalent to the first one will be devoted to the purchase of the group's own shares.
The Agnelli family, already heavily invested in motor industry with stakes in Ferrari, Stellantis, CNH and soon Iveco, has opted for a wider range of investments.
Part of the funds from the sale of PartnerRe [5] will be invested in the luxury, health and technology sectors in North America, Europe and Asia.