Tag: $Exor

Exor to buy back 1 billion euros of shares, starts with 750 million tender offer on Thursday

Exor has approved a new share buyback program for up to one billion euros ($1.07 billion), with an initial tender for 750 million euros, the holding company of Italy’s Agnelli family said on Wednesday.

Exor Buys 15% Stake in Philips

Exor and Royal Philips jointly said that they have entered a relationship agreement, with Exor picking up a 15% stake in Philips for an undisclosed sum, but worth around 2.58 billion euros ($2.82 billion).