Source: https://www.exor.com/home/Media/01_Comunicati-stampa/Archivio/2011.html
Timestamp: 2019-04-18 12:51:20+00:00

Document:
The EXOR Board of Directors’ meeting, chaired by John Elkann, met today in Amsterdam and approved the 2018 Annual Report, which will be submitted for adoption to the Shareholders’ Annual General Meeting set for the date of 29 May 2019.
EXOR N.V. (”the Company”) announces today that its Board of Directors has approved a share buyback program (“the Program”).
The EXOR Board of Directors’ meeting, chaired by John Elkann, met today in Amsterdam and approved the consolidated results for the first half of 2018.
It is with the deepest sadness that EXOR has learned of the passing of Sergio Marchionne‎.
EXOR N.V. announced that all the resolutions proposed by the Board of Directors to today’s Annual General Meeting of Shareholders (“AGM”) in Amsterdam were approved.
EXOR N.V. ("EXOR" or "the Company"), the listed holding company controlled by the Agnelli family, announces the formation of a Partners Council to be chaired by former UK Chancellor of the Exchequer George Osborne.
EXOR’s 2017 Annual Report is now available and can be downloaded on the corporate website at www.exor.com , on the Investor Relations section.
The EXOR Board of Directors’ meeting, chaired by John Elkann, met today in Amsterdam and approved the 2017 Annual Report which will be submitted for adoption to the Shareholders’ meeting set for the date of 29 May 2018.
EXOR announces today the issue of €200 million non-convertible Notes through a private placement to institutional investors. The purpose of the issue is to refinance EXOR’s short-term debt.
EXOR announces the settlement of the previously announced offering of Euro 500 million notes priced on January 11, 2018 with a fixed annual coupon of 1.750% and due January, 18 2028.
EXOR (rated BBB+ with stable outlook by Standard & Poor’s) announces the pricing of Euro 500 million notes due January 18, 2028, with a fixed annual coupon of 1.750% and with an effective yield to maturity of 1.914%.
EXOR, one of Europe’s leading investment companies, announces that it has signed an agreement together with the other major shareholders of Banca Leonardo (“the Company”) - a leading independent wealth manager in Italy – under which the Company will be acquired by Indosuez Wealth Management - the global wealth management brand of Crédit Agricole group – resulting the divestment of Exor’s entire 16.51% shareholding.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Amsterdam and approved the consolidated results for the first half of 2017.
EXOR N.V. announced today that all resolutions proposed by the Board to the Annual General Meeting of Shareholders (“AGM”) held today in Amsterdam, The Netherlands, were approved.
Standard & Poor’s communicated today that it has affirmed EXOR’s long and short term ratings (respectively “BBB+” and “A-2”) and it has improved the outlook to “stable” from “negative”.
With reference to the integration of ITEDI in Gruppo Editoriale L'Espresso, approved today at the latter company’s meeting of shareholders, EXOR reaffirms its will to contribute actively to the development of the new entity, GEDI Gruppo Editoriale S.p.A., of which it will become a shareholder on completion of the integration and of the subsequent distribution of GEDI shares by Fiat Chrysler Automobiles.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Amsterdam and approved the 2016 Annual Report which will be submitted for adoption to the shareholders’ meeting set for the date of May 30, 2017.
EXOR N.V. (“EXOR NV”) hereby gives notice that on 11 December 2016 the cross-border merger of EXOR S.p.A. (“EXOR”) with and into EXOR NV (formerly EXOR HOLDING N.V.) (the “Merger”) became effective. EXOR NV is now the holding company of the EXOR Group.
It is hereby announced that the notice, attached to this press release, concerning the completion and the effectiveness of the cross-border merger of EXOR S.p.A. with and into EXOR N.V. (formerly EXOR HOLDING N.V.), is available on EXOR N.V.’s website www.exor.com and has been published on the Italian newspaper “La Stampa”.
In connection with the cross-border merger of EXOR S.p.A. (“EXOR”) with and into EXOR HOLDING N.V. (a Dutch wholly owned subsidiary of EXOR which will, upon effectiveness of the Merger, be renamed EXOR N.V. (“EXOR NV”)) approved by a resolution adopted by the extraordinary meeting of shareholders of EXOR on 3 September 2016 (the “Merger”), EXOR hereby gives notice that today Borsa Italiana S.p.A. approved the listing of the EXOR NV ordinary shares on the Mercato Telematico Azionario (“MTA”).
EXOR hereby gives notice of the results of the rights’ offer to EXOR shareholders of the shares in relation to which the withdrawal right was exercised (the “Withdrawn Shares”) in connection with the envisaged cross-border merger of EXOR S.p.A. (“EXOR”) with and into EXOR HOLDING N.V. (the “Merger”), a Dutch wholly owned subsidiary of EXOR which will, upon effectiveness of the Merger, be renamed EXOR N.V. (“EXOR NV”). At the end of the rights’ offer period (9 November 2016), EXOR shareholders elected to purchase – through the exercise of both the option right and the pre-emptive right pursuant to Article 2437-quater, paragraph 3, of the Italian Civil Code – all no. 1,170 Withdrawn Shares, at a price per share equal to Euro 31.2348 (corresponding to the withdrawal price of the Withdrawn Shares, established pursuant to Italian law; the “Price”).
The EXOR Board of Directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results for the first nine months of 2016.
Standard & Poor’s said today that it has affirmed EXOR’s long and short term ratings (respectively “BBB+” and “A-2”). The outlook remains unchanged (“negative”).
EXOR hereby gives notice that the withdrawal right in connection with the cross-border merger of EXOR with and into EXOR HOLDING N.V. (the “Merger”), a wholly-owned Dutch subsidiary of EXOR, which will, upon effectiveness of the Merger, be renamed “EXOR N.V.” (“EXOR NV”), was validly exercised in relation to n. 1,170 shares (the “Shares”), equal to approximately 0,0005% of the existing shares, for a total amount of Euro 36,544.716, at the withdrawal price of Euro 31.2348 per share, established pursuant to Article 2437-ter, paragraph 3 of the Italian Civil Code (the “Withdrawal Price”).
EXOR hereby gives notice that on 7 September 2016 the resolution adopted by the extraordinary shareholders meeting held on 3 September 2016, which approved the cross-border merger by incorporation of EXOR with and into EXOR HOLDING N.V. (the “Merger”), a Dutch wholly owned subsidiary of EXOR which will be, upon effectiveness of the Merger, be renamed EXOR N.V. (“EXOR NV”), was registered with the Turin Companies’ Register.
The extraordinary meeting of shareholders of EXOR S.p.A. (“EXOR”) approved today the cross-border merger of EXOR with and into EXOR HOLDING N.V., a wholly-owned Dutch subsidiary of EXOR, which will, upon effectiveness of the merger, be renamed “EXOR N.V.” (“EXOR NV”) and become the new holding company of the Group.
The EXOR Board of Directors’ meeting, chaired by John Elkann met today and approved the consolidated results for the first half of 2016.
EXOR S.p.A. communicates that, in accordance with regulations in force, the Information Document concerning the cross-border merger of EXOR S.p.A. with and into EXOR Holding N.V., is available at the Company’s registered office, on the corporate website www.exor.com as well as at the authorized storage mechanism “NIS-Storage” (www.emarketstorage.com).
Gruppo Editoriale L’Espresso S.p.A. (“GELE”) and Italiana Editrice S.p.A. (“Itedi”), in furtherance of the memorandum of understanding dated March 2nd of this year, announced today the signing of a framework agreement, which sets out the terms of the proposed integration between the two companies. The agreement was also signed by CIR S.p.A. (“CIR”), controlling shareholder of GELE, as well as Fiat Chrysler Automobiles N.V. (“FCA”) and Ital Press Holding S.p.A. (“Ital Press”), controlled by the Perrone family, the shareholders of Itedi.
The Board of Directors of EXOR (the “Company”), meeting today in Turin under the chairmanship of John Elkann, resolved to propose to shareholders a simplified corporate structure to better reflect the ever more global profile of the Company and its businesses.
EXOR S.p.A. communicates that, in accordance with regulations in force, the minutes of its Ordinary and Straordinary shareholders’ meeting held on May 25th 2016, as well as the updated EXOR S.p.A. by-laws, were today filed and made public at the Company’s registered office, on the website www.exor.com and at the authorized storage mechanism “NIS-Storage” (www.emarketstorage.com).
EXOR S.p.A. hereby provides notice of the new composition of the fully paid-up share capital, which has been filed for registration in the Turin Company Register on June 9, 2016 following the cancellation of own shares held in treasury, without reducing share capital, after elimination of the par value of shares and approved by the Shareholders’ Meeting held in an extraordinary session on 25 May 2016.
EXOR closed today the sale on the market of its participation in RCS Mediagroup, equal to around 25.5 million shares, for a total amount of €17.3 million.
The General Annual Shareholders’ meeting of EXOR S.p.A., presided over by Chairman John Elkann, met today in Arese (Milan) and approved the separate financial statements at December 31, 2015, which closed with a net profit of €2,551.3 million (€518 million in 2014).
EXOR announces today the issue of its first dollar non-convertible Notes for an amount of $170 million, with final maturity date 20 May 2026.
The EXOR Board of Directors’ meeting, chaired by John Elkann, met today in Turin and approved the Interim Report on the consolidated results for the first three months of 2016. The Interim Report has been drawn up to ensure the continuity and regularity of information to the market, while awaiting clarifications on the regulatory framework outlined in Legislative Decree 25 of February 15, 2016.
EXOR announces the reopening of its Euro 250 million notes issued on December 22nd 2015 and due December 2025, increasing the amount by Euro 200 million. As the notes issued on December 22nd 2015, the new notes will carry an annual fixed coupon of 2.875% and will be due in December 2025.
EXOR S.p.A. communicates that, in accordance with regulations in force, the minute of the Board of Directors held on April 14th 2016, about the issue of non-convertible bonds, is available at the Company’s registered office, on the corporate website www.exor.com as well as at the authorized storage mechanism “NIS-Storage” (www.emarketstorage.com).
The notice of General Meeting, Illustrative Reports and the Compensation Report are available at the Company’s registered office, on the corporate website www.exor.com as well as at the authorized storage mechanism “NIS-Storage” (www.emarketstorage.com).
The 2015 Annual Report, the Reports of the Independent Auditors and Statutory Auditors and the Annual Report on Corporate Governance are available at the Company’s registered office, on the corporate website www.exor.com as well as at the authorized storage mechanism “NIS-Storage” (www.emarketstorage.com).
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated financial statements and the draft separate financial statements at December 31, 2015 which will be submitted for approval to the shareholders’ meeting set for the date of May 25, 2016.
EXOR informs that on today’s date the Information Document prepared pursuant to article 71 of Consob Regulation 11971/99 relating to the acquisition of PartnerRe Ltd has been made available to the public.
EXOR, one of Europe's leading investment companies, announces that it has agreed to sell its shareholding of around 36% in the privately held UK real estate investment and development group Almacantar, to its 100%-owned reinsurance subsidiary Partner Reinsurance Company Ltd., for a cash consideration of € 485 million.
EXOR announced today that, having received all necessary approvals and in line with the merger agreement signed on 2 August 2015, the acquisition of PartnerRe Ltd. has been completed. PartnerRe is a leading global multi-line reinsurer that underwrites Property & Casualty, Life and Health risks. For the full-year 2015, the Company reported Gross Written Premiums of US$ 5.5 billion, operating income of US$ 658 million and total assets of US$ 21.4 billion on a US GAAP basis.
With reference to the transaction announced today by Fiat Chrysler Automobiles (FCA) relating to the distribution of its publishing interests to its shareholders, EXOR communicates its intention to contribute actively and over the long-term to the development of the new publishing company that will result from the merger of ITEDI with Gruppo Editoriale l'Espresso. The objective of the transaction is to create the leading Italian daily and periodical news and media company which will also be the one of the principal European publishing groups.
Today EXOR closed the sale of its 17.1% shareholding in Banijay in the context of Banijay’s merger with Zodiak Media (the De Agostini-owned TV production company), creating one of the world’s largest TV production groups.
As contemplated in the merger agreement signed by EXOR and PartnerRe on August 2nd, 2015, EXOR confirms that subsequent to the closing of the acquisition of PartnerRe, preferred shareholders of record will receive a cash payment of approximately $42.7 million, in the aggregate (equal to $1.25 per preferred share).
EXOR, one of Europe’s leading investment companies, announces that it is investing € 103.3 million to acquire 13% of Welltec, the clear global leader in well intervention services for the oil and gas industry. Welltec, which provides efficient and effective robotic solutions for the cleaning, maintenance and repair of oil wells, is based in Denmark and was founded over twenty years ago by Jørgen Hallundbæk, who remains CEO and majority owner of the Company.
EXOR’s Statutory Auditor Sergio Duca, having been appointed Board Member of Ferrari NV, resigned. Mr. Duca has been replaced by Ruggero Tabone, effective immediately.
EXOR and Piero Ferrari announce the signing today of a shareholders’ agreement concerning the shareholdings in FE New N.V.1 (“Ferrari”) that they will obtain through a series of transactions intended to separate Ferrari N.V. from Fiat Chrysler Automobiles N.V. (“FCA”) (the “Separation”), corresponding to approximately 23.5% (approximately 33.4% of voting rights) and 10% (approximately 15.4% of voting rights), respectively, of the share capital of Ferrari post-Separation.
EXOR (rated BBB+ with negative outlook by Standard & Poor’s) announces today the issue of € 250 million non-convertible Notes with final maturity date 22 December 2025 through a private placement to institutional investors.
The issue of Euro 750 million notes, due December 2022, with an issue price of 99.499% and a fixed annual coupon of 2.125%, announced on last 26 November 2015, has been settled today.
EXOR (rated BBB+ with negative outlook by Standard & Poor’s) announces the successful issue of Euro 750 million notes due December 2, 2022, with an issue price of 99.499% and a fixed annual coupon of 2.125%.
EXOR, one of Europe’s leading investment companies, announces that it has entered into an agreement to divest its 17.1% shareholding in Banijay (“Banijay” or “the Company”), the independent television production company led by media entrepreneur Stephane Courbit and in which EXOR was one of the founding investors in 2008.
The special general meeting of PartnerRe shareholders, which was held today in Pembroke (Bermuda), approved the adoption of the merger agreement signed by EXOR S.p.A. on August 2nd.
EXOR S.p.A. (“EXOR” or “the Company”), following its previous press release issued earlier today, announces that it has successfully completed the placement through an accelerated book building offering to institutional investors (the “Placement”) of 12 million treasury shares corresponding to 4.87% of its issued share capital, for a total gross amount of €511.2 million.
EXOR S.p.A. (“EXOR” or “the Company”) announces the launch of a placement of up to 12 million treasury shares (corresponding to 4.87% of its issued share capital) through an accelerated book building offering to institutional investors (the “Placement”). The purpose of the Placement is to further optimize the capital structure of EXOR and is consistent with the Company’s commitments to the conservative long-term management of its finances.
The EXOR Board of Directors’ meeting, chaired by John Elkann, met in Turin today and approved the consolidated results for the first nine months to September 30, 2015.
As previously announced on August 12 2015, EXOR closed the acquisition of 6.3 million (or 27.8%) ordinary shares and of 1.26 million (or 100%) B special shares in The Economist Group from Pearson Group plc for a total consideration of £287 million (€392 million).
On September 1, 2015, EXOR closed the sale of its entire shareholding in Cushman & Wakefield to DTZ, a company owned by an investor group composed of TPG, PAG and OTPP. As announced on May 11, 2015, the transaction establishes a total enterprise value for Cushman & Wakefield of approximately $ 2.042 billion and generates net cash proceeds to EXOR of approximately $ 1.278 billion, representing a capital gain for EXOR of approximately $ 722 million.
The EXOR Board of Directors’ meeting, chaired by John Elkann, met in Turin today and approved the consolidated results for the first half of 2015.
EXOR, one of Europe’s leading investment companies, has agreed to purchase 6.3 million (or 27.8%) ordinary shares for £227.5 million and 1.26 million (or 100%) B special shares for £59.5 million in The Economist Group ('The Economist' or 'the Group') from Pearson Group plc (‘Pearson’) for a total consideration of £287 million (€405 million). The acquisition will be funded through cash available on hand.
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE) today announced it has signed a definitive merger agreement to acquire all of the outstanding common shares of PartnerRe for $137.50 per share in cash plus a $3.00 per share special dividend, for a total consideration of $140.50 per share, valuing PartnerRe at approximately $6.9 billion.
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE), welcomes the recommendation from Proxy Mosaic, LLC, a proxy research and corporate governance advisory firm, that PartnerRe Common and Preferred shareholders vote AGAINST the three proposals related to the AXIS transaction at the PartnerRe Special General Meeting (“SGM”) to be held on August 7. Their recommendation follows a detailed review of the PartnerRe/AXIS and EXOR proposals.
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE), welcomes the recommendation from Glass Lewis & Co. Following its detailed review of the reasonably expected timing, certainty and risks of the proposals Glass Lewis & Co stated that “Exor’s offer is superior” and that PartnerRe Common and Preferred Shareholders should vote AGAINST the three proposals related to the AXIS transaction at the PartnerRe Special General Meeting (“SGM”) to be held on August 7, 2015. Glass Lewis is a leading independent governance analysis and proxy voting advisor for institutional investors.
Exor S.p.A. ("EXOR"), one of Europe's leading investment companies, confirms that it is in discussion with The Economist Group ("The Economist" or "the Group"), its Trustees and Pearson regarding the possibility of increasing its investment in the Group.
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE), welcomes today’s recommendation from Institutional Shareholder Services Inc. ("ISS"), following its detailed review of the transaction, that PartnerRe shareholders vote AGAINST the three proposals related to the AXIS transaction at the PartnerRe Special General Meeting (“SGM”) to be held on August 7, 2015. ISS is the leading independent provider of recommendations on corporate governance and voting issues for institutional investors.
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE), announced today that PartnerRe Common Shareholders will receive a special pre-closing dividend of $3.00 per share in connection with the EXOR transaction. This dividend will be in addition to EXOR’s confirmed $137.50 per share all-cash offer, bringing EXOR’s total all-cash consideration to $140.50 per share for Common Shareholders.
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE), notes that PartnerRe has acknowledged the superiority of EXOR’s Binding Offer by questioning the terms of its own amalgamation agreement with AXIS Capital.
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE) is today holding an Investor Meeting in New York City for all PartnerRe shareholders. At the meeting John Elkann, Chairman and CEO of EXOR, will present further enhancements to EXOR’s Binding Offer terms making an already superior offer to PartnerRe Common and Preferred Shareholders even more attractive.
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE), today sent the following open letter to all PartnerRe employees who are shareholders, urging them to vote the Gold proxy card against the AXIS amalgamation agreement.
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE), will be holding an Investor Meeting on Tuesday, July 7, 2015, at 9:00 a.m., E.D.T., at the St. Regis New York, 2 East 55th Street, New York City for all PartnerRe shareholders. At the meeting, John Elkann, Chairman and CEO of EXOR, will discuss EXOR’s superior all-cash, binding, fully financed offer to acquire PartnerRe for $137.50 per common share. EXOR will also discuss how its ownership of PartnerRe will create greater security and stability for PartnerRe preferred shareholders going forward. EXOR believes its offer is clearly superior to the AXIS transaction and looks forward to communicating directly with shareholders at the meeting.
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE), today further enhanced its superior offer for PartnerRe by expanding its legally binding guarantee for the transaction.
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE), reiterates that its capital structure will have no impact on the ratings of PartnerRe, including the BBB rating of the preferred shares, in the event EXOR acquires PartnerRe.
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE), is entering the second week of meetings with PartnerRe analysts and investors to ensure the maximum clarity regarding its offer for PartnerRe shareholders. EXOR has received a positive response for its offer and for the presentation of the merits, certainty and superiority of its $137.50 per share, all-cash binding offer.
EXOR S.p.A. communicates that, in accordance with regulations in force, the minute of its Ordinary shareholders’ meeting held on May 29th 2015, was today filed and made public at the Company’s registered office, on the website www.exor.com as well as at the authorized storage mechanism “NIS-Storage” ( www.emarketstorage.com).
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE), confirmed today that its capital structure will have no impact on the ratings of PartnerRe, including the BBB rating of the preferred shares, in the event EXOR acquires PartnerRe.
EXOR Urges All PartnerRe Shareholders to Vote AGAINST Inferior AXIS Transaction Engineered by Certain PartnerRe Board Members with Significant Personal Interests. EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE), today sent a letter to PartnerRe preferred shareholders as part of an ongoing process to ensure all PartnerRe shareholders have the information needed in order to make an informed decision with regard to the future of PartnerRe.
PartnerRe’s Refusal to Provide Customary Shareholder Information is Further Attempt to Keep its Shareholders Uninformed about EXOR’s Superior Offer. EXOR Will Actively Solicit PartnerRe Shareholders to Vote AGAINST Inferior AXIS Transaction. EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE), announced today that the Supreme Court of Bermuda has denied EXOR’s request to obtain customary beneficial ownership information from PartnerRe. Despite PartnerRe’s refusal to provide the requested information, EXOR will actively solicit PartnerRe’s common and preferred shareholders to vote AGAINST the AXIS transaction at the PartnerRe Special General Meeting on July 24, 2015 in light of EXOR’s superior all-cash $137.50 per share binding offer for PartnerRe.
The Annual General Meeting of the shareholders of EXOR S.p.A., presided over by Chairman John Elkann, met today in Turin and approved the separate financial statements at December 31, 2014, which closed with a net profit of €51.8 million (€92.7 million in 2013). The shareholders’ meeting approved the payment of dividends of €0.35 per share for a total maximum amount of €77.8 million to be drawn from 2014 net profit and the extraordinary reserve. The proposed dividends will become payable to the number of shares outstanding beginning June 24, 2015 (ex-dividend date June 22, 2015) to the shareholders of record on June 23, 2015. The financial statements are available on the Company website www.exor.com.
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE), notes today’s announcement by PartnerRe which continues to mischaracterize our proposal. Further, PartnerRe remains unwilling to engage with EXOR according to the terms provided in their agreement with AXIS Capital Holdings Limited (“AXIS”; NYSE:AXS).
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE), said today it is willing to negotiate in good faith to provide PartnerRe shareholders with improved closing certainty with regards to its binding all-cash $137.50 offer. EXOR is prepared to commence these discussions once the Board of PartnerRe declares that EXOR’s binding offer is reasonably likely to be a “Superior Proposal”, which is the process called for under the PartnerRe agreement with AXIS Capital Holdings Limited (“AXIS”; NYSE:AXS).
EXOR S.p.A. communicates that, in accordance with regulations in force, the minute of the Board of Directors held on April 14th 2015, about the issue of non-convertible bonds, is available at the Company’s registered office, on the corporate website www.exor.com as well as at the authorized storage mechanism “NIS-Storage” (www.emarketstorage.com).
The EXOR board of directors’ meeting, chaired by John Elkann, met in Turin today and approved the consolidated results for the first three months of 2015.
EXOR S.p.A. (“EXOR”; EXO.IM), one of Europe’s leading listed investment companies, today announced that it has delivered an irrevocable and binding offer to the Board of Directors of PartnerRe Ltd. (“PartnerRe” or the “Company”; NYSE:PRE) to acquire all of the outstanding common shares of PartnerRe for $137.50 per share in cash, valuing PartnerRe at $6.8 billion. The binding offer is not subject to due diligence and is not conditioned on financing. EXOR now calls on the PartnerRe Board to recommend EXOR’s clearly superior all-cash offer.
EXOR’s lists of candidates for corporate bodies filed by the shareholders are available at the Company’s registered office, on the corporate website www.exor.com as well as at the authorized storage mechanism “NIS-Storage” (www.emarketstorage.com).
EXOR (EXO IM), one of Europe’s leading listed investment companies, notes the decision by the Board of Directors of PartnerRe Ltd. (“PartnerRe”; NYSE:PRE) to abandon its prior agreement and accept a revised but still inferior transaction from AXIS Capital Holdings Limited (“AXIS”; NYSE:AXS), in preference to EXOR’s own proposal.
The notice of General Meeting, the 2014 Annual Report, the Annual Report on Corporate Governance, reports of the Independent Auditors and Statutory Auditors, Illustrative Reports and the Compensation Report are available at the Company’s registered office, on the corporate website www.exor.com as well as at the authorized storage mechanism “NIS-Storage” (www.emarketstorage.com).
Following the announcement of the $6.4 billion all-cash proposal to acquire PartnerRe, Standard & Poor’s said today that it has affirmed EXOR’s long and short term ratings (respectively “BBB+” and “A-2”). The outlook changed from “stable” to “negative”.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated financial statements and the draft separate financial statements at December 31, 2014 which will be submitted for approval to the shareholders’ meeting set for the date of May 29, 2015.
With reference to today’s decision of EXOR Board of Directors to propose to the shareholders’ meeting the payment of dividends of €0.35 per share for a maximum total of €77.8 million, EXOR informs that the proposed dividends will become payable on June 24, 2015 (stock market June 22 ex-dividend date) and will be paid to the shares on record at June 23, 2015.
In relation to media reports concerning a possible divestment of its interest in Cushman & Wakefield, EXOR clarifies that the evaluation, from time to time, of potential options for its portfolio companies - including business divestments, combinations, acquisitions and other financial and strategic alternatives - is entirely consistent with its investment activity.
In accordance with regulations in force, the minute of the Board Meeting of February 10, 2015 regarding the adaptation of the By-laws due to Law no. 120/2011, was filed today and made available at the Company’s registered office, on the website www.exor.com as well as at the central storage www.1info.it.
EXOR confirms today the settlement of the reopening of its 2.50 % notes due October 2024, increased by Euro 150 million, as announced on December 5th 2014 (the “New Notes”).
Following the announcement of Fiat Chrysler Automobiles, regarding the pricing of its mandatory convertible securities, EXOR confirms it has purchased US$ 886 million of the notional amount of the securities.
EXOR announces the reopening of its Euro 500 million notes issued on October 8th 2014 and due October 2024, increasing the amount by Euro 150 million. As the notes issued on October 8th 2014, the new notes will carry an annual fixed coupon of 2.50% and will be due in October 2024.
With reference to the launch of the offering of mandatory convertible securities announced today by Fiat Chrysler Automobiles for an aggregate notional amount of $2.5 billion, which may be increased by up to $375 million at the option of the underwriters, EXOR confirms its intention to participate by purchasing an amount which would protect its approximately 31% ownership interest in FCA against dilution.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results for to September 30, 2014.
EXOR announces that an aggregate nominal amount of Euro 250,000,000 of its 5.375 per cent. Notes due 2017 (ISIN XS0300900478) was cancelled on the date hereof.
The Board of Directors of EXOR, which met under the chairmanship of John Elkann, reviewed the decisions which were taken today by the Board of Directors of Fiat Chrysler Automobiles.
EXOR S.p.A. (the Company) hereby announces the final results of its invitation to eligible Noteholders of its €750,000,000 5.375 per cent. Notes due June 2017, ISIN XS0300900478 (of which €690,000,000 is currently outstanding) (the Notes) to tender their Notes for purchase by the Company for cash up to a maximum aggregate nominal amount to be determined by the Company in its sole and absolute discretion (the Maximum Acceptance Amount) (such invitation, the Offer).
EXOR S.p.A. (the Company) hereby announces the indicative results of its invitation to eligible Noteholders of its €750,000,000 5.375 per cent. Notes due June 2017, ISIN XS0300900478 (of which €690,000,000 is currently outstanding) (the Notes) to tender their Notes for purchase by the Company for cash up to a maximum aggregate nominal amount to be determined by the Company in its sole and absolute discretion (the Maximum Acceptance Amount) (such invitation, the Offer).
The issue of Euro 500 million notes, due October 2024, with an issue price of 99.329% and a fixed annual coupon of 2.50%, announced on last 1 October 2014, has been settled today.
Following yesterday announcement regarding its intention to issue new benchmark notes denominated in Euro, EXOR confirms the issue of Euro 500 million notes due October 2024, with an issue price of 99.329% and a fixed annual coupon of 2.50%.
EXOR S.pA. (the “Company”) - S&P Rating BBB+, Outlook Stable/A-2 – announces that it is inviting eligible noteholders of its €750,000,000 5.375 per cent. notes due 2017 (ISIN XS0300900478), of which €690,000,000 is currently outstanding, listed on the Luxembourg Stock Exchange (the “Notes”) to tender their Notes for purchase by the Company for cash (the “Tender Offer”).
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results for first half of 2014.
Following the revised accounting of a portion of the acquisition of 41.5% of Chrysler made by Fiat and the related revision of 2014 first quarter results approved and filed on July 3rd by Fiat, a Board of Directors of EXOR, chaired by John Elkann, was held today to approve its own revised first quarter 2014 consolidated results.
EXOR S.p.A. communicates that, in accordance with regulations in force, the minute of its Ordinary shareholders’ meeting held on May 22th 2014, was today filed and made public at the Company’s registered office, on the website www.exor.com as well as at the central storage www.1info.it.
The Annual General Meeting of the shareholders of EXOR S.p.A., presided over by Chairman John Elkann, met today in Turin and approved the separate financial statements at December 31, 2013, which closed with a net profit of €92.7 million (€150.5 million in 2012).
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results for first three months of 2014.
EXOR S.p.A. communicates that, in accordance with regulations in force, the minute of the Board of Directors held on April 9th 2014, about the issue of non-convertible bonds, was filed and made public today at the Company’s registered office and published on the website www.exor.com.
The notice of General Meeting, the 2013 Annual Report, the Annual Report on Corporate Governance, reports of the Independent Auditors and Statutory Auditors, Illustrative Reports and the Compensation Report are available at the Company’s registered office, in addition to the corporate website: www.exor.com.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated financial statements and the draft separate financial statements at December 31, 2013 which will be submitted for approval to the shareholders’ meeting set for the date of May 22, 2014.
Following the purchase on the market of a portion of its outstanding 5.375% Notes due 2017, listed on Luxembourg Stock Exchange (amount issued €750 million, ISIN: XS0300900478), EXOR announces that on the date hereof it has procured the cancellation of a notional amount of Notes equal to €60 million.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results for the nine months ended September 30, 2013.
Out of the total amount of € 1 billion authorized by the Board of Directors on April 16, 2013, EXOR announces today the issuance of €200 million non-convertible Notes, with final maturity November 12, 2020 through a private placement to institutional investors.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results for first half of 2013.
EXOR S.p.A. communicates that, in accordance with regulations in force, the new EXOR S.p.A. by-laws was today published on the website www.exor.com.
EXOR informs that on today’s date the Information Document prepared pursuant to article 71 of Consob Regulation 11971/99 relating to the sale of the entire stake in SGS S.A. has been made available to the public. The document is available on the website www.exor.com, in the section Corporate Governance – Other documentation and at the corporate seat.
EXOR S.p.A. communicates that, in accordance with regulations in force, the minutes of its Ordinary and Straordinary shareholders’ meeting held on May 30th 2013, were today filed and made public at the Company’s registered office and published on the website www.exor.com.
EXOR announces that as at the end of the rights offer period, expired on June 5, 2013, all the no. 50 preferred shares in respect of which the withdrawal right has been exercised have been purchased at the price of Euro 16.972 and all the no. 5,138 savings shares in respect of which the withdrawal right has been exercised have been purchased at the price of Euro 16.899, both by virtue of the exercise of the option rights and by virtue of the exercise of the pre-emption right pursuant to article 2437-quater, paragraph 3, of the Italian Civil Code.
Within the frame of the buy back programme announced on May 30, 2013 EXOR communicates that the following number of shares has been purchased.
EXOR has entered into a definitive agreement providing for the sale of 1,173,400 shares of SGS to Serena S.à r.l., a wholly-owned subsidiary of Groupe Bruxelles Lambert (GBL) for a consideration of CHF 2,128 per share. The transaction will generate net proceeds of € 2.0 billion for EXOR and a capital gain at consolidated level of around € 1,530 million.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results for first three months of 2013.
EXOR S.p.A. communicates that, in accordance with regulations in force, the minute of the Board of Directors held on April 16th 2013, about the issue of non-convertible bonds, was filed and made public today at the Company’s registered office and published on the website www.exor.com.
EXOR announces that the period for the exercise of the withdrawal right has expired and that the withdrawal right was validly exercised in relation to no. 50 preferred shares (for a total amount of € 848.60) and no. 5,138 saving shares (for a total amount of € 86,827.06).
Within the frame of the buy back programme announced on May 29, 2012 and integrated by the resolution of the Board of Directors held on February 11, 2013, EXOR communicates that from April 22nd to April 26th 2013 the following number of shares has been purchased.
The 2012 Annual Report, Annual Report on Corporate Governance, reports of the Independent Auditors and Statutory Auditors and Illustrative Reports and Compensation Report are available at the Company’s registered office, in addition to the corporate website: www.exor.com.
Within the frame of the buy back programme announced on May 29, 2012 and integrated by the resolution of the Board of Directors held on February 11, 2013, EXOR communicates that from April 17th to April 19th 2013 the following number of shares has been purchased.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated financial statements and the draft separate financial statements at December 31, 2012 which will be submitted for approval to the shareholders’ meeting set for the date of May 30, 2013.
Within the frame of the buy back programme announced on May 29, 2012 and integrated by the resolution of the Board of Directors held on February 11, 2013, EXOR communicates that from April 8th to April 11th 2013 the following number of shares has been purchased.
Within the frame of the buy back programme announced on May 29, 2012 and integrated by the resolution of the Board of Directors held on February 11, 2013, EXOR communicates that from April 2nd to April 5th 2013 the following number of shares has been purchased.
Within the frame of the buy back programme announced on May 29, 2012 and integrated by the resolution of the Board of Directors held on February 11, 2013, EXOR communicates that from March 25th to March 28th 2013 the following number of shares has been purchased.
EXOR S.p.A. communicates that, in accordance with regulations in force, the minute of its Preferred Shares and of its Savings Shares Stockholders’ Meetings held on March, 19th 2013, as well as the minute of its Ordinary and Extraordinary Stockholders’ Meeting held on March, 20th 2013 were filed and made public today at the Company’s registered office and published on the website www.exor.com.
Within the frame of the buy back programme announced on May 29, 2012 and integrated by the resolution of the Board of Directors held on February 11, 2013, EXOR communicates that from March 18th to March 22th 2013 the following number of shares has been purchased.
- Approval also of the supplement to the authorization on the purchase and disposal of treasury shares The General Meeting of EXOR Shareholders, chaired by John Elkann, held today in Turin, approved at the extraordinary session the mandatory conversion of the 76,801,460 preferred shares and of the 9,168,894 savings shares into ordinary shares on the basis of a conversion ratio of 1 ordinary share for each preferred or savings share, and the related amendments to the bylaws. The mandatory conversion of the preferred shares and of the savings shares into ordinary shares was already approved yesterday by the respective special meetings of the preferred and savings shareholders.
The special meeting of the holders of EXOR savings shares, held today in Turin, approved the mandatory conversion of the preferred and savings shares into ordinary shares, on the basis of a conversion ratio of 1 ordinary share for each preferred or savings share. The ordinary shares issued in the conversion would be eligible for dividends (to the extent declared) with respect to the 2013 financial results.
The special meeting of the holders of EXOR preferred shares, held today in Turin, approved the mandatory conversion of the preferred and savings shares into ordinary shares, on the basis of a conversion ratio of 1 ordinary share for each preferred or savings share. The ordinary shares issued in the conversion would be eligible for dividends (to the extent declared) with respect to the 2013 financial results.
Within the frame of the buy back programme announced on May 29, 2012 and integrated by the resolution of the Board of Directors held on February 11, 2013, EXOR communicates that from March 11th to March 15th 2013 the following number of shares has been purchased.
In view of Fiat Industrial Shareholders’ Meeting, which will be held on April 8th, the shareholder EXOR has filed the following list of candidates for the appointment of the new Board of Statutory Auditors of Fiat Industrial.
EXOR S.p.A. communicates that, in accordance with regulations in force, the Agenda and related illustrative report of the Directors on the conversion of the preferred and saving shares into ordinary shares, the Agenda and related illustrative report of Special Meeting of the Holders of preferred shares and the Agenda and related illustrative report of Special Meeting of the Holders of saving shares were today filed and made public at the Company’s registered office and published on the website www.exor.com.
EXOR S.p.A. communicates that, in accordance with regulations in force, the minute of its Preferred Shares Stockholders’ Meeting held on January 15th 2013, was today filed and made public at the Company’s registered office and published on the website www.exor.com.
The EXOR Preferred Shares Stockholders’ Meeting, which held today in Turin, has appointed Mr. Oreste Cagnasso as the preferred shareholders’ representative for the next three-year period 2013-2015.
As confirmation of what was announced in the November 26 press release pertaining to the merger transaction between the companies Fiat Industrial S.p.A. and CNH Global N.V., EXOR S.p.A. informs that today it has signed an agreement with CNH Global N.V. in which it commits to vote all of its Fiat Industrial shares in favor of the merger transaction.
Out of the total amount of € 1 billion authorized by the Board of Directors on April 6, 2012, EXOR S.p.A. announces today the issue of € 100 million non-convertible bonds due on January 31, 2025 through a private placement to an institutional investor. Net proceeds amount to ca. € 97.84 million.
EXOR S.p.A. fully supports the transaction announced today between Fiat Industrial S.p.A. and CNH Global N.V.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and examined the consolidated results for the three and nine month periods ended September 30, 2012.
Out of the total amount of € 1 billion authorized by the Board of Directors on April 6, 2012, EXOR S.p.A. announces it has today resolved to issue € 150 million in principal amount due on October 16, 2019 in a private placement to institutional investors.
Under the terms of the agreement concerning the disposal of Alpitour Group, EXOR announces today the closing of the purchase of Arenella hotel for a total amount of € 26 million.
In view of Juventus Football Club S.p.A. Shareholders’ Meeting, which will be held on October 26th, the shareholder EXOR has filed the following list of candidates for the renewal of the Board of Directors.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and examined the consolidated results for the first half of 2012.
EXOR S.p.A. communicates that, in accordance with regulations in force, the minutes of its Ordinary shareholders’ meeting held on May 29th 2012 and of its Saving shareholders’ special meeting held on May 30th 2012, were today filed and made public at the Company’s registered office and published on the website www.exor.com.
With reference to the €150 million capital increase announced today by Sequana, EXOR expresses its commitment to partially exercise the rights to which it is entitled so that the French government-controlled Strategic Investment Fund can become a shareholder.
The EXOR savings shares stockholders’ meeting, held in third call today in Turin, appointed Mr. Giacomo Zunino as EXOR savings shareholders’ common representative for the fiscal years 2012-2013-2014.
EXOR supports the proposed combination between Fiat Industrial and CNH Global N.V. announced today.
The Annual General Meeting of the shareholders of EXOR S.p.A., presided over by Chairman John Elkann, met today in Turin and approved the separate financial statements at December 31, 2011, which closed with a net profit of €58.7 million (€151.8 million in 2010).
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results for the first three months of 2012.
EXOR announces the appointment of Shahriar Tadjbakhsh as Chief Operating Officer (COO) with effect from June of this year. Shahriar Tadjbakhsh, 48, has 25 years of business experience, having first worked as a corporate lawyer and subsequently as an international investment banker.
The sale of Alpitour S.p.A. to Seagull S.p.A., a subsidiary controlled by two closed-end private equity funds owned by Wise SGR SpA and J.Hirsch & Co., who are joined by other financial investors, has been completed today.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated financial statements and the draft separate financial statements at December 31, 2011 which will be submitted for approval to the shareholders’ meeting set for the date of May 29, 2012 in first call (and May 30 in second call).
As required by Consob’s resolution DME/6027054 dated March 28, 2006, after the purchases on the stock market, EXOR discloses that it currently holds 16,117,655 Fiat savings shares (20.17% of the class) and 16,111,663 Fiat Industrial savings shares (20.16% of the class).
Pursuant to the requirements of art. IA.2.1.3 of the Rules of the Markets organised and managed by Borsa Italiana S.p.A., EXOR S.p.A. announces that the dividend for 2011 to be decided by the shareholders' meeting will be payable in June.
As required by Consob’s resolution DME/6027054 dated March 28, 2006, after the purchases on the stock market, EXOR discloses that it currently holds 13,492,299 Fiat savings shares (16.88% of the class).
EXOR announces that it has signed an agreement for the sale of Alpitour S.p.A., Italy’s leading tourism group, for a total consideration of €225 million. Alpitour will be acquired by two closed end private equity funds owned by Wise SGR SpA and J. Hirsch Co., who will be joined by other financial investors including Network Capital Partners. The acquirors will carry out the transaction through a special purpose vehicle incorporated and capitalised for the purpose.
As required by Consob’s resolution DME/6027054 dated March 28, 2006, after the purchases, EXOR discloses that it currently holds 12,194,070 Fiat Industrial savings shares (15.26% of the class).
As required by Consob’s resolution DME/6027054 dated March 28, 2006, after the purchases on the stock market, EXOR discloses that it currently holds 8,024,440 Fiat savings shares (10.04% of the class).
As required by Consob’s resolution DME/6027054 dated March 28, 2006, after the purchases on the stock market, EXOR discloses that it currently holds 7,037,629 Fiat savings shares (8.81% of the class).
As required by Consob’s resolution DME/6027054 dated March 28, 2006, after the purchases, EXOR discloses that it currently holds 8,984,649 Fiat Industrial savings shares (11.24% of the class).
Standard & Poor’s said today that it has affirmed EXOR’s long and short term ratings (respectively “BBB+” and “A-2”). The outlook improved from “negative” to “stable”.
As required by Consob’s resolution DME/6027054 dated March 28, 2006, after the purchases, EXOR discloses that it currently holds 6,857,629 Fiat Industrial savings shares (8,58% of the class).
As required by Consob’s resolution DME/6027054 dated March 28, 2006, after the purchases on the stock market, EXOR discloses that it currently holds 4,027,629 Fiat savings shares (5.04% of the class) and 4,652,629 Fiat Industrial savings shares (5.82% of the class).
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results to September 30, 2011.
Supporting the measures announced today by the Boards of Directors of Fiat and Fiat Industrial, the Chairman of EXOR, John Elkann commented: “The simplification of the respective capital structures will make for greater clarity and efficiency and is in the best interests of the two companies and of all shareholder classes”.
The EXOR board of directors meeting, chaired by John Elkann, met today in Turin and approved the consolidated results for the first half of 2011.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results for the first three months of 2011.
EXOR, one of Europe’s largest listed investment companies, and News Corporation, the global media group, confirm that they are in the early stages of exploring the possibility of creating a consortium with a view to formulating a long-term plan for the development of Formula One in the interests of the participants and the fans.
The Annual Shareholders Meeting of EXOR S.p.A., which met today in Turin, presided by John Elkann, approved the separate financial statements of EXOR S.p.A. for the year ended on December 31, 2010 which show a net profit € 151.8 million (€ 88.8 million in 2009).
The EXOR board of directors meeting, chaired by John Elkann, met today in Turin and approved the consolidated financial statements and the draft separate financial statements for the year ended December 31, 2010 which will be submitted for approval to the stockholders’ meeting to be held on April 28, 2011 in first call (and April 29, 2011 in second call).
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results to September 30, 2010.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results for the first half of 2010.
EXOR, the investment company controlled by the Agnelli Family, and DLMD, a family investment company controlled by Pascal Lebard (general manager of Sequana) have today renewed the stockholders’ agreement signed in 2007 regarding their investment in Sequana.
EXOR today announces that it has agreed to commit up to $100 million to a partnership with Jardine Matheson and Rothschild which will invest in private equity opportunities in India and China.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated financial statements for the first three months ended March 31, 2010.
The EXOR Preferred Shares Stockholders’ Meeting, which held today in Turin, has appointed Mr. Alberto Maria Musy as the preferred shareholders’ representative for the next three-year period 2010-2012.
The Annual General Meeting of the ordinary shareholders of EXOR S.p.A., which met today in Turin, presided over by John Elkann, approved the separate financial statements of EXOR S.p.A. for the year ended on December 31, 2009 which show a net profit € 88.8 million (€ 49.1 million in 2008, the last year ended previous to the merger with IFIL).
EXOR announces that it has reached an agreement to invest € 100 million in Almacantar, a new company targeting the commercial property sector.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated financial statements and the draft separate financial statements at December 31, 2009 which will be submitted for approval to the stockholders’ meeting set for April 29, 2010 in first call (and April 30 in second call).
The EXOR S.p.A. board of directors’ meeting, chaired by John Elkann, met today in Turin and examined the consolidated results at September 30, 2009.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results for the first half of 2009.
Standard & Poor’s said today that it has affirmed EXOR’s long and short term ratings (respectively “BBB+” and “A-2”). S&P also changed the outlook to “negative” from “stable”.
The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results for the first three months of 2009.
As required by law, starting from today the Minutes of the Shareholders’ Meeting for the approval of the Annual Report 2008 has been made public and is now available on the website www.exor.com.
The EXOR savings shares stockholders' meeting, held in third call today in Turin, appointed Mr. Giacomo Zunino as EXOR savings shareholders' common representative for the fiscal years 2009-2010-2011.
Moreover, on March 1, 2009, the merger by incorporation of IFIL in IFI became effective. As a result, the company’s name was changed to EXOR S.p.A. and four new directors were seated: Carlo Barel di Sant’Albano and independent directors Antonio Maria Marocco, Giuseppe Recchi and Claudio Saracco. The board of directors is now composed of 17 members, four of whom are independent with reference to both the requirements of the Corporate Governance Code and the requirements of art. 147-ter, paragraph 4, of D. Lgs. 58/98.
Deed of merger of IFIL in IFI drawn up: from March 1, 2009 IFI’s name will be changed to EXOR S.p.A. Start trading day: Monday, March 2, 2009.
The merger of IFIL S.p.A. in IFI S.p.A. is expected to become effective starting from March 1st, 2009 IFIL.
Today, the special meeting of IFI preferred stockholders was held under the chairmanship of the common representative, Mr Luigi Santa Maria. At the opening of the meeting, it has been reiterated the position of the company, already expressed several times in the press releases on the merger of IFIL in IFI, namely, that the second paragraph of article 7 of the IFI bylaws does not require the vote of the special meeting of IFI preferred stockholders in order to issue savings shares following the merger of IFIL in IFI.
The IFIL extraordinary stockholders’ meeting approved the Merger Project for the incorporation of IFIL in the parent IFI, with an exchange ratio of 0.265 of 1 new IFI ordinary share for 1 IFIL ordinary share and 0.265 of 1 new IFI savings share for 1 IFIL savings share.
The IFI extraordinary stockholders’ meeting approved the Merger Project for the incorporation of the subsidiary IFIL in the parent IFI, with an exchange ratio of 0.265 of 1 new IFI ordinary share for 1 IFIL ordinary share and 0.265 of 1 new IFI savings share for 1 IFIL savings share.
The IFIL S.p.A. board of directors, which met today in Turin under the chairmanship of John Elkann, approved the consolidated results to September 30, 2008.
The IFI – Istituto Finanziario Industriale S.p.A. board of directors, which met today in Turin under the chairmanship of John Elkann, examined and approved the consolidated results to September 30, 2008.
Today, the special meeting of IFI preferred stockholders met under the chairmanship of the common representative, Mr Luigi Santa Maria.
As anticipated in the press releases dated September 8 and 10, 2008, the Boards of Directors of IFI S.p.A. and IFIL S.p.A., meeting in succession today in Turin under the Chairmanship of John Elkann, unanimously approved the Merger Project for the merger by incorporation of the controlled company IFIL into the controlling company IFI, and mandated the respective Chairmen and/or CEOs to call the respective Extraordinary Shareholders’ Meetings which will be asked to approve the Merger Project. The Extraordinary Shareholders’ Meetings are expected to take place in November 2008.
As per CONSOB requests received by IFI S.p.A. and IFIL S.p.A. pursuant to art. 114, paragraph 5, D.Lgs 58/1998, in connection with the press release dated September 8, 2008 on the approval of the simplification of the Group structure through the merger by incorporation of IFIL into its parent company IFI.
The Boards of Directors of IFI S.p.A. and IFIL S.p.A., meeting in succession today in Turin under the Chairmanship of John Elkann, reviewed and unanimously approved the plan to simplify the structure of the Group by way of a merger by incorporation of the controlled company IFIL into the controlling company IFI.
The IFIL S.p.A. board of directors, which met today in Turin under the chairmanship of John Elkann, examined the results for the first half of 2008.
The IFI – Istituto Finanziario Industriale S.p.A. board of directors, which met today in Turin under the chairmanship of John Elkann, examined the consolidated results for the first half of 2008.
IFIL communicates that in recent days it has sold 141,716,165 ordinary shares of Intesa Sanpaolo in the market at an average price of € 3.51 per share, for a total value of € 497 million.
The investment announced on May, 15th in Mangas Capital Entertainment has been closed today. Following the capitalization, the name of the company has been changed into Banijay Holding. The IFIL Group, as agreed, paid € 21.25 million (i.e. half of his total commitment) and owns approximately 17 % of Banijay Holding’s equity capital.
The IFIL Saving Shares Stockholders’ Meeting, which held today in Turin, has appointed Mr. Giacomo Zunino as the saving shareholders’ representative for the next three-year period 2008-2010.
IFIL Group (IFIL) announces that it is investing € 42.5 million in Mangas Capital Entertainment (MCE) to support the launch of a new player in European TV production.
In reference to the stock option plan approved by the stakeholders' meeting held yesterday, May 13th 2008, Table 1 of Format 7, Appendix 3A, of the Regulations of Issues No. 11971/1999 is herein published relative to the new options granted by the competent bodies in order to implement the resolution passed by the stackholders' meeting.
The IFI – Istituto Finanziario Industriale S.p.A. board of directors, which met today under the chairmanship of John Elkann, approved the results for the first three months of 2008. The profit attributable to the equity holders of the company for the first quarter of 2008 is € 61.5 million and increased by € 7.3 million compared to the first quarter of 2007 (€ 54.2 million). The change is due to a higher interest in the profit of the IFIL Group (+€ 10.3 million) which is partly offset by higher net financial expenses (-€ 3 million).
The annual general meeting of the stockholders of IFI – Istituto Finanziario Industriale S.p.A. which met today in Turin, presided over by John Elkann, approved, in ordinary session, the financial statements for the year ended December 31, 2007 which closed with a profit of € 54.5 million (€ 217.6 million in 2006).
The IFIL S.p.A. board of directors, which met today in Turin under the chairmanship of Gianluigi Gabetti, examined the consolidated results for the first three months of 2008. The profit attributable to the equity holders of the company for the first quarter of 2008 is € 93.9 million. The increase of € 6.5 million (+7.4%) over the first quarter of 2007 is € 87.4 million.
The annual general meeting of the stockholders of IFIL which met today in Turin, presided over by Gianluigi Gabetti, in ordinary session approved the financial statements for the year ended December 31, 2007, which, as previously announced, show a profit € 123.4 million (€ 625.3 million in 2006).
In reference to the ordinary and special session of the annual general meeting of the stockholders fixed on May 13, 2008 in first session and, as needed, on May 14, 2008 in second session, IFIL S.p.A. informs that today the following lists for the renewal of the Board of Directors and of Statutory Auditors have been filed.
The investment of € 58 million (US $ 90 million) announced on February, 20th in a convertible bond, which on conversion would see IFIL Group receive shares representing approximately 40% of the equity capital of Vision Investment Management, one of Asia’s leading alternative investment managers by 2013, has been closed today.
The board of directors of IFI - Istituto Finanziario Industriale S.p.A., which met today in Turin under the chairmanship of John Elkann, approved the consolidated financial statements and the draft separate financial statements for the year ended December 31, 2007, which will be submitted to the stockholders’ meeting fixed for May 14, 2008 in first call and May 15 in second call.
Cushman & Wakefield Group - the world’s largest privately held property services firm, present in 58 countries with 221 offices and more than 15,000 employees with a 70.18% majority stake held by the IFIL Group – approved its results for the nine-month period (April 1 – December 31, 2007) subsequent to the acquisition of the controlling interest by IFIL Group at the end of March 2007. The figures are taken from the accounting report prepared on the basis of IFRS for purposes of consolidation by IFIL.
The board of directors of IFIL, which met today in Turin under the chairmanship of Gianluigi Gabetti, approved the consolidated financial statements and the draft separate financial statements for the year ended December 31, 2007, which will be submitted to the stockholders’ meeting fixed for May 13 in first call and May 14 in second call.
Turin and Hong Kong, 20 February 2008. IFIL Group (“IFIL”), the investment company controlled by the Agnelli family, has signed an agreement to invest US $ 90 million (€ 61 million) in a 5 year mandatory convertible bond, which on conversion would see IFIL become a significant shareholder in Vision Investment Management Limited (“Vision” or “the firm”), a leading Asia based alternative investment management company.
In relation to the Stockholders’ meeting resolution passed on May 14th, 2007 which authorized the purchase of its own shares of treasury stock under art. 2357 of the Italian Civil Code, the board of directors of IFIL S.p.A., which met today in Turin under the chairmanship of Gianluigi Gabetti, has approved the start of the own shares purchase (buy back) programme aimed at efficiently managing the Company’s equity capital and with an investment perspective.
In compliance with what set forth by the Instructions accompanying the Rules for the markets organized and managed by Borsa Italiana S.p.a. with the objective of facilitating trading on the market of derivative instruments (IDEM), IFIL S.p.A. communicates that in the event that IFIL approves a dividend payment, it would be paid in May.
The board of directors of IFIL S.p.A., which met today in Turin under the chairmanship of Gianluigi Gabetti, approved the consolidated results to September 30, 2007.
The board of directors of IFI - Istituto Finanziario Industriale S.p.A., which met today in Turin under the chairmanship of John Elkann, reviewed and approved the consolidated results to September 30, 2007.
The board of directors of IFIL S.p.A., which met today in Turin under the chairmanship of Gianluigi Gabetti, reviewed the results for the first half of 2007.
The board of directors of IFI S.p.A. - Istituto Finanziario Industriale S.p.A., which met today in Turin under the chairmanship of John Elkann, reviewed the results for the first half of 2007.
The sale of a 21,9% stake in the capital stock of Sequana Capital by IFIL Group to DLMD, controlled by Pascal Lebard, has been closed today.
The IFIL Group (hereinafter “IFIL”) today reached an agreement for the sale of a 21.9% stake in the capital stock of Sequana Capital (equal to 10,806,343 shares) to DLMD, controlled by Pascal Lebard, appointed general manager of Sequana Capital from July 1, 2007.
The issue of € 750 million non-convertible bonds - approved by the Board of Directors of IFIL on May 14 and May 23, 2007 – was closed today.
The board of directors of IFIL, which met today in Turin under the chairmanship of Gianluigi Gabetti, took note with satisfaction of the interest displayed by investors for the bond issue announced on May 14; as a result, the decision was taken to raise the amount of the bond issue, also on the basis of the favorable market conditions.
The annual general meeting of the stockholders of IFI – Istituto Finanziario Industriale S.p.A. which met today in Turin, presided over by John Elkann, approved the separate financial statements for the year ended December 31, 2006 which show a profit of € 217.6 million (€ 38.5 million in 2005).
The board of directors of IFI S.p.A. - Istituto Finanziario Industriale S.p.A., which met today in Turin under the chairmanship of John Elkann, approved the results for the first three months of 2007.
The board of directors of IFIL S.p.A., which met today in Turin under the chairmanship of Gianluigi Gabetti, reviewed the consolidated results for the first three months of 2007.
The annual general meeting of the stockholders of IFIL which met today in Turin, presided over by Gianluigi Gabetti, in ordinary session approved the financial statements for the year ended December 31, 2006, which, as previously announced, show a profit of € 625.3 million (€ 100.9 million in 2005).
The Board of Directors of IFIL S.p.A., which met today in Turin under the chairmanship of Gianluigi Gabetti, approved the issue of non-convertible bonds, in one or more tranches, to be offered to Italian and foreign investment professionals, for an amount of about € 500 million for a maximum term of 10 years.
The meeting of the Board of Directors of IFIL took note of the ruling handed down by the Turin Court of Appeals which cancelled the additional administrative sanctions levied by Consob.
The meeting of the Board of Directors of IFI – Istituto Finanziario Industriale took note of the ruling by the Turin Court of Appeals which cancelled the additional administrative sanctions levied by Consob.
Upon authorization of the competent Authorities, the transaction regarding the purchase of the controlling stake in Cushman & Wakefield, the largest private real estate services company founded in 1917 in New York currently operates in 55 countries, it has 201 offices and 12,000 employees, has been closed.
The board of directors of IFIL S.p.A., which met today in Turin under the chairmanship of the Deputy Chairman Vicario John Elkann, approved the consolidated financial statements and the draft separate financial statements at December 31, 2006, which will be submitted to the stockholders’ meeting fixed for May 14, 2007 (in first call) and on May 15, 2007 (in second call).
The board of directors of IFI S.p.A., which met today in Turin under the chairmanship of the Deputy Chairman Vicario John Elkann, approved the consolidated financial statements and the draft separate financial statements at December 31, 2006, which will be submitted to the stockholders’ meeting fixed for May 15 (in first call) and on May 16 (in second call).
IFIL has reached an agreement for the sale of its interest in Turismo&Immobiliare, the company which holds a 49% stake in Italia Turismo, the largest real estate operator in Italy in the tourism sector with important investments in the south of Italy.
The boards of directors’ meetings of IFI and IFIL, presided over by the deputy chairman (vicario) John Elkann, met today in Turin.
The board of directors of IFIL, in which Gianluigi Gabetti and Franzo Grande Stevens did not take part for ethical reasons, met today in Turin.
The IFI board of directors, in which the directors Gianluigi Gabetti, Franzo Grande Stevens and Virgilio Marrone did not attend for the same reasons, which met under the chairmanship of the Deputy Chairman (“Vicario”), was informed of the sanctionary measure by Consob and expressed it full support to the parties involved in the measure.
New York, 19 December 2006. IFIL Group (“IFIL”), the investment group of the Agnelli family, has signed an agreement pursuant to which it will acquire a 67.5% stake in Cushman & Wakefield for a total cash consideration of $563 million (€430 million). Following the transaction IFIL will replace Rockefeller Group International, Inc. (“The Rockefeller Group”), the global property development and investment firm, as controlling shareholder of Cushman & Wakefield.
Following the Public Exchange Offering launched by Sequana Capital in September, the capital stock of the French company has been reduced to 49,119,739 shares (par value € 1.50 each). As a result of the Exchange Offer, IFIL Group’s investment in Sequana Capital went from 52.68% to 48.88% of capital stock.
The Board of Directors of IFIL S.p.A., which met today in Turin under the chairmanship of Gianluigi Gabetti, examined the consolidated results for the nine months to September 30, 2006.
The Board of Directors of IFI – Istituto Finanziario Industriale S.p.A., which met today in Turin under the chairmanship of Gianluigi Gabetti, examined the consolidated results for the nine months to September 30, 2006.
IFIL S.p.A., as a result of the incentive plan announced by Fiat’s Board of Directors and in anticipation of a future increase in capital stock to service the relative stock options, has today purchased 3.000.000 Fiat ordinary shares on the market for an equivalent amount of € 44,6 million.
The board of directors of IFIL S.p.A., which met today in Turin under the chairmanship of Gianluigi Gabetti, examined the consolidated results for the first six months of 2006.
The board of directors of IFI – Istituto Finanziario Industriale S.p.A., which met today in Turin under the chairmanship of Gianluigi Gabetti, examined the consolidated results for the first six months of 2006.
As regards to the Public Exchange Offer approved today by the Board of Directors of Sequana Capital, IFIL Group agreed to tender its Sequana shares in exchange for SGS shares.
IFIL Investments, Assicurazioni Generali, IMI Investimenti and Deutsche Bank reciprocally agreed to terminate the consultation agreement among Fiat stockholders signed in June 1999.
Prior to the Stockholders’ Meeting of Juventus FC S.p.A. called for June 29, 2006, the stockholder, IFIL, has proposed that nine should be the number of members fixed for the Board of Directors of the Company, the majority of whom independent.
Following its announcement on May 12, 2006, IFIL has today issued non-convertible bonds for an amount of € 200 million, maturing June 9, 2011.
The annual general meeting of the stockholders of IFI – Istituto Finanziario Industriale S.p.A., which met today in Turin under the chairmanship of Gianluigi Gabetti, approved the financial statements for the year ended December 31, 2005, which show a profit of € 38.5 million (€ 37.7 million in 2004). The stockholders’ meeting voted to appropriate the entire profit to reserves and not distribute dividends.
The annual general meeting of the stockholders of IFIL, which met today in Turin under the chairmanship of Gianluigi Gabetti, approved the financial statements for the year ended December 31, 2005, which, as previously announced, shows a profit of € 99 million (an increase of 23% compared to € 80 million in the prior year).
The Board of Directors of IFIL S.p.A., which met today in Turin under the chairmanship of Gianluigi Gabetti, examined the consolidated results for the first three months of 2006.
The Board of Directors of IFI – Istituto Finanziario Industriale S.p.A., which met today in Turin under the chairmanship of Gianluigi Gabetti, approved the results for the first three months of 2006.
In reference to the request made by Consob – pursuant to article 114, paragraph 5, of Legislative Decree No. 58/1998 – IFIL declares that the suppositions regarding the delisting of Juventus FC S.p.A. shares from the Italian stock exchange as published in some reports by the Press are unfounded.
Following the authorization by the relevant authority, IFIL Group closed today the purchase of 10% of Banca Leonardo S.p.A.’s capital stock, investing around € 46 million.
The Board of Directors of IFI – Istituto Finanziario Industriale, which met today in Turin under thechairmanship of Gianluigi Gabetti, approved the consolidated financial statements and the draft statutory financial statements for the year ended December 31, 2005, which will be submitted to the Shareholders’ Meeting convened for May 25, 2005 in first call and May 26, 2005 in second call.
The Board of Directors of IFIL, which met today in Turin under the chairmanship of Gianluigi Gabetti, approved the consolidated financial statements and the draft statutory financial statements for the year ended December 31, 2005, which will be submitted to the Shareholders’ Meeting convened for May 24, 2005 in first call and May 25, 2005 in second call.
Since there have been rumors in the Press containing contradictory or untrue information about the intentions of the owners of Juventus with regard to the renewal of the Board of Directors, as a shareholder, IFIL feels obliged to make an announcement to clarify its position, by expressing its wish to continue the work it has successfully undertaken so far and thus confirming its confidence in the current management.
Yesterday, Consob formally notified IFIL S.p.A. of its objections under art. 187- septies of TUF (Unified Law on Financial Intermediation) in relation to the content of the press release dated August 24, 2005.
The board of directors of IFIL, which met today in Turin under the chairmanship of Gianluigi Gabetti, voted on the composition of the board and new appointments.
Yesterday, the Chairman of IFI and IFIL, Gianluigi Gabetti, underwent surgery on a diverticulum of the intestine.
Daniel John Winteler took up the post of Chairman and CEO at Alpitour, leaving the positions of Managing Director and General Manager at IFIL at the same time.
The Board of Directors of IFIL, which met today in Turin under the chairmanship of Gianluigi Gabetti, examined the consolidated results for the third quarter of 2005 and the first nine months of the year.
The Board of Directors of IFI – Istituto Finanziario Industriale S.p.A., which met today in Turin under the chairmanship of Gianluigi Gabetti, examined the consolidated results for the third quarter of 2005 and the first nine months of the year.
Pirelli RE has acquired an equity interest in Turismo&Immobiliare, the company that owns 49% of Italia Turismo, following receipt of Antitrust authorisation.
In accordance with paragraph 10 of article 2.6.2. of Borsa Italiana Market Rules, IFIL makes it known that Standard & Poor’s – following the investment in Fiat announced last September 15 – has downgraded the Company’s rating from A-/A-2 to BBB+/A-2.
The Managing Director and General Manager of IFIL, Daniel John Winteler, will be appointed Chairman of Alpitour by the end of the current year. At the same time, the Head of Corporate Finance at IFIL, Fabrizio Prete, will be appointed to the position of General Manager of Alpitour. Both managers will participate in a significant stock options plan in Alpitour.
The Board of Directors of IFI – Istituto Finanziario Industriale S.p.A., which met today in Turin under the chairmanship of Gianluigi Gabetti, examined the results for the first six months of 2005.
The Board of Directors of IFIL, which met today in Turin under the chairmanship of Gianluigi Gabetti, examined the results for the first six months of 2005.
The Board of Directors of IFIL Spa, which met today under the chairmanship of Gianluigi Gabetti, took note of the substantial changes underway at Fiat, which lead to improved expectations regarding both the group’s industrial/organizational profile as well as future financial results.
Pirelli RE is to acquire an interest in Turismo&Immobiliare, which owns 49% of the share capital of Italia Turismo.
The IFI – Istituto Finanziario Industriale S.p.A. Stockholders’ Meeting, which met today in Turin under the chairmanship of Gianluigi Gabetti, approved the statutory financial statements for the year ended December 31, 2004, which – as previously announced –show a profit of € 37.7 million.
The IFIL Stockholders’ Meeting, which met today in Turin under the chairmanship of Gianluigi Gabetti, approved the statutory financial statements for the year ended December 31, 2004, which – as previously announced – show a profit of € 80.2 million and voted to distribute dividends on ordinary shares for € 0.0683 and on savings shares for € 0.089, for a total of € 74.3 million.
The Board of Directors of IFIL S.p.A. met today in Turin under the chairmanship of Gianluigi Gabetti to examine the consolidated results for the first three months of 2005, prepared in accordance with IAS/IFRS international accounting standards.
The Board of Directors of IFI – Istituto Finanziario Industriale S.p.A. met today in Turin under the chairmanship of Gianluigi Gabetti to examine the consolidated results for the first three months of 2005, prepared in accordance with IAS/IFRS international accounting standards.
Following the sale of the 99.09% investment in Rinascente S.p.A. to Tamerice S.r.l., Auchan and IFIL dissolved, as planned, the Eurofind Textile S.A. joint venture.
The Board of Directors of IFIL S.p.A., which met today in Turin under the chairmanship of Gianluigi Gabetti, approved the issue of non-convertible bonds, in one or more tranches, to Italian and foreign investment professionals, for an amount of between € 150 million and € 250 million for a maximum bond term of 5 years.
Following the approval by the European antitrust authority, the deal signed on March 13, 2005 has been closed.
Milan, April 13, 2005 – Today, the IFIL Group, Banca Intesa S.p.A., the Marcegaglia Group and Sviluppo Italia signed the final contract for the partial privatization of Sviluppo Italia Turismo (SIT).
IFIL S.p.A. Stockholders Meeting approving the 2004 Financial Statements (originally scheduled for May 18, 2005 in first call and May 20 in second call) will be held on a date to be determined at the next Board of Director’s meeting.
IFI – Istituto Finanziario Italiano S.p.A. Stockholders Meeting approving the 2004 Financial Statements (originally scheduled for May 19, 2005 in first call and May 23 in second call) will be held on a date to be determined at the next Board of Director’s meeting.
IFIL S.p.A. purchased a 1.54% stake in the ordinary capital stock of Sanpaolo IMI (equal to 1.22% of capital stock) for a global investment of approx. € 263 million.
The Board of Directors of IFIL, which met today in Turin under the chairmanship of Gianluigi Gabetti, approved the consolidated financial statements and the draft statutory financial statements at December 31, 2004 which will be submitted to the Stockholders’ Meeting convened on May 18, 2005 in first call and on May 20, 2005 in second call.
The Board of Directors of IFI – Istituto Finanziario Industriale, which met today in Turin under the chairmanship of Gianluigi Gabetti, approved the consolidated financial statements and the draft statutory financial statements at December 31, 2004 which will be submitted to the Stockholders’ Meeting convened on May 19 in first call and on May 23 in second call.
Today the Stock Purchase Agreement for the sale of the textile activities of La Rinascente has been signed, following the positive conclusion of the auction process started in September 2004 with the assistance of Lazard & Co.
The Board of Directors of IFIL met today in Turin under the chairmanship of Gianluigi Gabetti. By the power vested in it under ex art. 2443 of the Italian Civil Code by the Shareholders’ Meeting of May 25, 2001, the Board voted to increase capital stock to service the stock option plan for Company managers and its parent company.
Milan, December 23rd, 2004 - Banca Intesa Spa, Gruppo IFIL and Marcegaglia Spa have reached an agreement to acquire 49% of Sviluppo Italia Turismo’s (SIT) capital stock from Sviluppo Italia Spa.
Following the approval by the European antitrust authority, the deal signed by Auchan Group and IFIL Group - announced on November, 5th. - has been closed.
The Board of Directors of IFI – Istituto Finanziario Industriale met today in Turin under the chairmanship of Gianluigi Gabetti to examine the results for the third quarter of 2004, as well as performance for the first nine months of the year.
The Board of Directors of IFIL met today in Turin under the chairmanship of Gianluigi Gabetti to examine the results for the third quarter of 2004 as well as performance during the first nine months of the year.
The Auchan Group and IFIL Group have reached an agreement for the sale of Rinascente’s food business. The agreement follows the plans announced by the Board of Directors of IFIL on September 9th, 2004.
The Board of Directors of IFI – Istituto Finanziario Industriale met today in Turin to review the performance for the first half of 2004.
The Board of Directors of IFIL met today in Turin to examine the results of the first half of 2004.
Ifil Group and Exor Group have reached an agreement with Accor for the sale of their stakes in Club Méditerranée.
The Board of Directors of IFIL, which met today in Turin under the chairmanship of Gianluigi Gabetti commemorated with sorrow Mr. Umberto Agnelli, long time Chairman and CEO of the Company, and proceeded to integrate the Board by coopting Mr. John Elkann and nominating him member of the Executive Committee of the Company.
The Board of Directors of IFI - Istituto Finanziario Industriale met today in Turin.
The Board of Directors of IFI - Istituto Finanziario Industriale, which met today in Turin under the chairmanship of Umberto Agnelli, examined the results fo the first three months of 2004.
The Board of Directors of IFIL, which met today in Turin under the chairmanship of Gianluigi Gabetti, examined the consolidated results for the first three months of 2004.
By mandate of the IFIL Board of Directors, the Chairman and Managing Director of the Company will convene the Stockholders’ Meeting for the month of June, as stated in today’s press release.
The Board of Directors of IFIL, which met today in Turin under the chairmanship of Gianluigi Gabetti, approved the consolidated financial statements and the draft statutory financial statements for the year ended December 31, 2003 which will be submitted to the Shareholders’ Meeting, to be convened in June.
The IFIL Group, under the agreements signed on October 15, 2002, exercised its right to purchase 9.53% of the share capital of Eurofind, the company which controls La Rinascente, from Mediobanca.
On today’s date, Ifil Investissements S.A., a wholly-owned subsidiary of Ifil S.p.A., was paid € 240.7 million in extraordinary dividends by Eurofind S.A..
The IFIL Board of Directors met today in Turin under the chairmanship of Gianluigi Gabetti.
The Board of Directors of IFI – Istituto Finanziario Industriale met today in Turin under the chairmanship of Umberto Agnelli to examine the results for the third quarter of 2003 and performance for the first nine months of the year.
The Board of Directors of IFIL, which met today in Turin under the chairmanship of Gianluigi Gabetti, examined the results for the third quarter of 2003 and performance for the first nine months of the year.
The Board of Directors of IFIL, which met today in Turin under the chairmanship of Gianluigi Gabetti, examined the results for the first half of 2003.
The Board of Directors of IFI – Istituto Finanziario Industriale met today in Turin under the chairmanship of Umberto Agnelli to examine the performance for the first half of 2003.
At the end of the IFIL's ordinary shares offer period, according to final data from Monte Titoli S.p.A., 383,794,965 new ordinary shares have been subscribed, equal to 99.35% of the total amount of ordinary shares offered. The majority shareholder IFI – Istituto Finanziario Industriale S.p.A. has subscribed 233,861,025 ordinary shares.
IFIL’s capital increase - approved by the company Board of Directors held on June, the 27th, 2003 - was successful.
As announced yesterday during a meeting with the financial community, Giovanni Agnelli e C. S.a.p.az. and IFI – Istituto Finanziario Industriale S.p.A. confirm that there are neither plans under consideration to change the current controlling structure of the Group nor intentions to proceed to delist IFI preferred stock.
We acknowledge Standard & Poor’s decision. However, we do not share the motivations, which, in our opinion, appear to not adequately take into account the financial reliability indicators established by the same rating agency: the ratio mentioned, the net financial position to the value of IFIL’s investment portfolio, in fact, is 11% (15% if the put options held by some of our partners are exercised beginning in 2004), and far from the 20% threshold, beyond which, according to Standard & Poor’s, the rating should be downgraded.
The Board of Directors of IFIL, which met today in Turin under the chairmanship of Gianluigi Gabetti, examined the relaunch plan approved by the meeting of the Fiat Board of Directors held yesterday, June 26, agreeing with the objectives of the plan.
The Shareholders’ Meeting of IFI – Istituto Finanziario Industriale met today in Turin under the chairmanship of Umberto Agnelli and approved the statutory financial statements for the year ended December 31, 2002, which, as previously announced, presented a loss of € 226.9 million; no dividends were declared.
The IFIL Shareholders’ Meeting, which met today in Turin under the chairmanship of Gianluigi Gabetti, approved the financial statements for the year ended December 31, 2002 in ordinary session. As previously announced, the year closed with a loss of € 516.4 million; therefore no dividends have been declared.
The Board of Directors of IFI – Istituto Finanziario Industriale, which met today in Turin under the chairmanship of Umberto Agnelli, approved the results for the first quarter of 2003 (the period prior to the implementation of the Reorganization Plan, which took place in April).
The Shareholders’ Meeting of IFIL, which met today in Turin, under the chairmanship of Gianluigi Gabetti, approved, in extraordinary session, the Reorganization Plan presented by the Board of Directors on March 3, 2003.
Within the framework of the Reorganization Plan announced on March 3, 2003, IFI and IFIL have executed the IFIL capital increase reserved for IFI approved today by the IFIL Shareholders’ Meeting.
The Shareholders’ Meeting of IFI – Istituto Finanziario Industriale, which met today in Turin under the chairmanship of Umberto Agnelli, approved, in extraordinary session, the motion to vest the Board of Directors with power, pursuant to art. 2443 of the Italian Civil Code, to increase, one or more times, the capital stock for a maximum amount of € 500,000,000 and thus up to a maximum of € 561,750,000.
The Board of Directors of IFIL, which met today in Turin under the chairmanship of Gianluigi Gabetti, approved the consolidated financial statements and the draft statutory financial statements at December 31, 2002 of IFIL S.p.A. which will submitted to the Shareholders’ Meeting to be held in May.
The Board of Directors of IFI - Istituto Finanziario Industriale, which met today in Turin under the chairmanship of Umberto Agnelli, approved the consolidated financial statements and the draft statutory financial statements at December 31, 2002 of IFI S.p.A. which will be submitted to the Shareholders’ Meeting to be held in May.
The Board of Directors of IFI, which met today, appointed Umberto Agnelli as Chairman of the Company, Gabriele Galateri as Chief Executive Officer and co-opted John Philip Elkann and Annibale di Collobiano as Directors.
IFIL communicates that has been increased the amount of the Bond issued in December 2002, from e 145 million to € 200 million.

References: art. 147
 art. 114
 art. 2357
 art. 187
 art. 2443
 art. 2443