Latest news with #Exor
Bloomberg
3 days ago
- Automotive
- Bloomberg
Agnellis Hunt €2 Billion Deal in Europe or US After Ferrari Sale
Italy's Agnelli family has earmarked around €2 billion ($2.3 billion) to invest in a US or European company, as it looks to redeploy proceeds from the partial sale of its Ferrari NV stake. The family's holding company, Exor NV, is looking for candidates after receiving €3 billion from the Ferrari transaction earlier this year, Chief Financial Officer Guido de Boer said in an interview. Exor would seek to buy 10% to 15% of the new company and become the largest shareholder, he said.
CNA
24-04-2025
- Business
- CNA
Cryptocurrency firm Tether raises Juventus stake to over 10%
ROME :Cryptocurrency firm Tether said on Thursday it had further raised its stake in Italian Serie A soccer club Juventus to over 10 per cent. The world's fourth-largest cryptocurrency company first invested in February in Italy's most popular soccer club, which is controlled by the Agnelli family through their investment company Exor. The new shareholding represents 6.18 per cent of voting rights in the club, the statement said. "The investment reflects Tether's long-term commitment to Juventus' future and its confidence in the club's intrinsic value and growth potential," it added.
Yahoo
04-04-2025
- Business
- Yahoo
Institutions along with private companies who hold considerable shares inExor N.V. (AMS:EXO) come under pressure; lose 11% of holdings value
The considerable ownership by private companies in Exor indicates that they collectively have a greater say in management and business strategy The largest shareholder of the company is Giovanni Agnelli B.V. with a 59% stake Institutional ownership in Exor is 25% We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. A look at the shareholders of Exor N.V. (AMS:EXO) can tell us which group is most powerful. With 59% stake, private companies possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk). While institutions who own 25% came under pressure after market cap dropped to €17b last week,private companies took the most losses. Let's delve deeper into each type of owner of Exor, beginning with the chart below. View our latest analysis for Exor Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that Exor does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Exor, (below). Of course, keep in mind that there are other factors to consider, too. Exor is not owned by hedge funds. Our data shows that Giovanni Agnelli B.V. is the largest shareholder with 59% of shares outstanding. This essentially means that they have extensive influence, if not outright control, over the future of the corporation. For context, the second largest shareholder holds about 5.1% of the shares outstanding, followed by an ownership of 4.2% by the third-largest shareholder. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our data suggests that insiders own under 1% of Exor N.V. in their own names. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own €812k worth of shares. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying. The general public, who are usually individual investors, hold a 16% stake in Exor. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. We can see that Private Companies own 59%, of the shares on issue. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. It's always worth thinking about the different groups who own shares in a company. But to understand Exor better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Exor , and understanding them should be part of your investment process. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future . NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Asharq Al-Awsat
29-03-2025
- Business
- Asharq Al-Awsat
Juventus Says It May Need More Cash, Secures $16 Million from the Agnellis
Juventus may need more money to steady its finances after parting ways with manager Thiago Motta, the Italian football club said, adding its top shareholder had agreed to provide 15 million euros ($16 million) ahead of a potential share issue. Juventus, which has been controlled by the Agnelli family for a century, has been forced to raise around 900 million euros from its shareholders over the past six years. Agnelli-owned Exor has agreed to make a 15-million-euro cash contribution against a potential future new share issue, the club said late on Friday. Juventus this month replaced Motta with former player Igor Tudor after two consecutive heavy defeats in a disappointing season, with the club standing fifth in Serie A. The club said recent performance on the field and Motta's departure had prompted it to reassess results for this quarter and next, as well as prospects for the 2025-2026 financial year. Juventus' financial year runs from July 1 to June 30. The club said overall targets under its plan through 2027 still stood, but the review had highlighted the potential need for a cash injection, ranging from 15 million euros to as much as 10% of its market value. Juventus was worth 1.14 billion euros at Friday's closing price. Exor could cover the cash call in full but would invest at least enough to keep its stake unchanged, Juventus said. A final decision on the capital hike will be taken after the current season and the summer transfer campaign for players. Juventus swung to a profit in the first half of this fiscal year, thanks to its return to Europe's lucrative Champions League competition, but it does not expect a net profit for the full year. The club was docked 10 points in the 2022-23 season and banned from European competitions in 2023-24 after accounting issues. It denied any wrongdoing and said its accounting was in line with industry standards.
Reuters
28-03-2025
- Business
- Reuters
Exor makes cash contribution for Juventus' potential capital hike
MILAN, March 28 (Reuters) - Italian top flight soccer club Juventus ( opens new tab said on Friday that its majority investor Exor ( opens new tab had agreed to make a 15-million-euro ($16 million) cash contribution for a potential future capital increase. The club said in a statement that its financial performance for the current financial year had diverged from its forecast due to unexpected events, including the recent dismissal of coach Thiago Motta. As a consequence, a capital increase for a minimum of 15 million euros and up to a maximum amount equal to 10% of the current market capitalization, could be appropriate or even become necessary, it said. A final decision on the capital hike will be taken after the current season and the summer transfer campaign for players, it said, adding that it confirmed the sporting, economic and financial targets in its strategic plan. ($1 = 0.9238 euros)
