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Exor announces 500 million euro share buyback
Exor, the Agnelli family holding company, has announced a share buyback program of up to 500 million euros. This decision follows a 3.9% decline in net asset value (NAV) per share during the first half of 2026, which reached 32 billion euros. CEO John Elkann noted that the company's shares continue to trade at a significant discount relative to their intrinsic value.
The decline in NAV was largely driven by the performance of Stellantis, which saw a negative total return of 47% in the first six months. In contrast, other major holdings like Ferrari, CNH, and Philips showed more stability or growth.
Exor is also advancing its portfolio simplification strategy. The company has reached an agreement to sell its stake in Welltec, an operation expected to generate significant returns and increase available liquidity to approximately 4 billion euros. Other recent divestments include Gedi, Lifenet, and Nuo, while the sale of Iveco Group's defense business to Leonardo has also been completed.
Entities
Exor · Ferrari · John Elkann · Kingfisher · Piazza Affari · Stellantis · Stoxx Europe 600 · Technoprobe · UniCredit · Welltec
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Kingfisher shares rose by 9.6% following an upward revision of annual profit forecasts. www.soldionline.it
- [○ 1 SOURCE] The Stoxx Europe 600 index rose by 0.4%. www.soldionline.it
- [○ 1 SOURCE] Technoprobe's stock increased by 246% over one year. www.corrieredelleconomia.it
- [○ 1 SOURCE] Industrie De Nora shares fell by 17.4%.
- [○ 1 SOURCE] Brent crude oil price settled at 96.5 dollars per barrel. www.corrieredelleconomia.it