Exor N.V. history, company profile (overview) and history video
Exor N.V. is a holding company headquartered in Amsterdam, Netherlands, and it is controlled by the Italian Agnelli family through the privately held company Giovanni Agnelli B.V.
It has a history of investments running over a century, which include auto and truck manufacturers Stellantis, Ferrari and CNH Industrial, the global reinsurer PartnerRe, the football team Juventus F.C., the international newspaper The Economist, and the Italian media group GEDI Gruppo Editoriale.
The company’s origins date back to the end of the 19th century when Giovanni Agnelli founded Fabbrica Italiana Automobili Torino (FIAT).
In 1923, Giovanni Agnelli acquired the football club Juventus F.C.
In 1927, Giovanni Agnelli established Istituto Finanziario Industriale (IFI), a holding company that brought together his shareholdings in Fiat and other sectors, including food (Cinzano), consumer goods (Società Anonima Manifattura Pellami e Calzature), financial services (Sava), airlines (Società Aviolinee Italiane), industrials (RIV, Vetrocoke, Società Idroelettrica Piemontese-SIP) and real estate (Sestriere). It also acquired La Stampa, one of the most prestigious Italian daily newspapers.
Istituto Commerciale Laniero Italiano (later renamed IFIL) was acquired, and IFINT (IFI International) was established in 1964 to bring together the group’s international investments.
In 1969, an agreement with the race-car entrepreneur Enzo Ferrari was made and marked the beginning of a partnership between the two families that saw the famous “Prancing Horse” become one of the most admired brands in the world.
In the 1990s, more world-famous names were added to the portfolio, including Chateaux Margaux, Club Méditerranée, and the iconic Rockefeller Center in New York City.
By the end of the century, IFINT acquired Exor Group and extended its reach globally with investments in Asia.
In 2008, a reorganization of the Agnelli family’s holdings led to the merger of IFI and IFIL to create Exor, which became the sole holding company for all the group’s companies. The new name of the company was taken from the French company that it acquired in 1991.
In 2016, Exor acquired a substantial shareholding in the British weekly newspaper The Economist, which is among the world’s most respected media companies. It also acquired PartnerRe, one of the world’s leading reinsurance companies (PartnerRe was eventually sold to Covéa in 2022).
In 2021, Exor became the single largest shareholder in Stellantis, following the 50:50 merger of Fiat Chrysler Automobiles NV (FCA) with Groupe PSA.
In 2022, the company purchased a 45% shareholding in Lifenet, an Italian company active in the management of hospitals and outpatient clinics, and a 10% of Institut Mérieux, the global healthcare holding of the Mérieux family.
With more than 268,000 employees, Exor N.V. is considered one of the Largest Groups in the World by revenue. According to Forbes, it is considered one of the Largest Public Companies in The World.
*Information from Forbes.com, Wikipedia.org, and ”www.exor.com”.
**Video published on YouTube by “Companies History“.