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EXOR.MI on Milan Stock Exchange

23 May 2017
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Latest Key Developments (Source: Significant Developments)

Fiat Chrysler, supplier might put connected and automated car in production in few years -CEO
Wednesday, 26 Apr 2017 11:30am EDT 

April 26 (Reuters) - Fiat Chrysler Automobiles CEO Sergio Marchionne told analysts on a conference call::group might, in partnership with supplier, put connected/automated vehicle in production in next few years.expects to start making money from alfa romeo sales in q4.seen slowdown in U.S. incentive spending in April.hopeful to resolve issue with U.S. Emissions regulators on 2017 certification in next few weeks.will have to rely on gas, probably some form of electrification, to meet future emissions regulations.situation in Latam difficult, still confident can reach 2018 targets for region.asked if Jeep or RAM large or strong enough to exist as standalone entity outside FCA, said "yes".open to potential collaboration with Baidu in china market on self-driving vehicles.reiterated focused more on delivering numbers than talking to Volkswagen on potential tie-up.to continue production of some versions of current jeep wrangler, ram 1500 pickup in 2018 after redesigned versions introduced in us early 2018.  Full Article

Fiat Chrysler shares rally 9 pct after stronger-than-expected Q1 profit
Wednesday, 26 Apr 2017 10:36am EDT 

April 26 (Reuters) - Fiat Chrysler Automobiles::Shares rise further post first-quarter earnings, up 9 percent.Stock set for biggest daily gain since October 2014.Reported on Wednesday a stronger-than-expected 11 percent rise in first-quarter adjusted operating profit, helped by improvements in all regions except Latin America, and confirmed its full-year guidance. nL8N1HY4VK.  Full Article

Trading in Fiat Chrysler halted after results lift shares 5 pct
Wednesday, 26 Apr 2017 08:47am EDT 

April 26 (Reuters) - Fiat Chrysler Automobiles::Shares in the carmaker suspended from trading after rising 5.3 percent after results.European autos index .SXAP up 0.2 percent.FCA reported a stronger-than-expected 11 percent rise in first-quarter adjusted operating profit, helped by improvements in all regions except Latin America, and confirmed its full-year guidance.nL8N1HY4VK.  Full Article

Exor 2016 profit drops to 588.6 mln euros
Wednesday, 5 Apr 2017 07:37am EDT 

Exor says: Full year consolidated profit 588.6 million euros vs 744.5 million euros the previous year . drop in profit due to lower gains on the disposal of investments, and increase in taxes, duties, net financial expenses and non-recurring expenses . net asset value at $14.64 billion at end-2016 . to pay dividend of 0.35 euros per share . expects to report profit in 2017 Further company coverage: [EXOR.MI] (Reporting by Milan newsroom).  Full Article

Shares in Fiat Chrysler trim gains after Q3 results
Tuesday, 25 Oct 2016 07:32am EDT 

Fiat Chrysler Automobiles: Milan-listed shares trim gains after Q3 results Further company coverage: [FCHA.MI] (Reporting by Milan Newsroom).  Full Article

Italy's CIR and Fiat Chrysler sign deal for new publishing group
Monday, 1 Aug 2016 02:43am EDT 

Carmaker Fiat Chrysler Automobiles, Italian group CIR and L'espresso say: signed framework agreement for the merger of their controlled publishing businesses, following a memorandum of understanding dated March 2 . CIR, main investor in Italian publishing group L'Espresso, will hold 43.4 percent of the group created through the combination of L'Espresso and Itedi . agreement also signed by Perrone family holding Ital Press, which will own 4.37 of new group . Fiat will initially own 14.6 percent of the merged group but will then distribute its entire stake, with Agnelli family holding Exor acquiring 4.3 percent .CIR will be granted the right to appoint Chairman and CEO of new group.  Full Article

Italy's Exor to fold into new Dutch holding company
Monday, 25 Jul 2016 12:42pm EDT 

Italy's Agnelli family holding company Exor says: proposing cross-border merger of Exor into wholly-owned Dutch subsidiary Exor Holding N.V. . idea is to simplify corporate structure and align the group with its major businesses, including Fiat Chrysler Automobiles, Ferrari and CNH Industrial . Exor N.V. will be listed on Milan bourse, new group headquarters in Netherlands . merger will become effective by the end of 2016 . Exor shareholders will receive 1 ordinary share of Exor N.V. with 1 voting right for each Exor share . new holding company will adopt loyalty voting scheme to incentivize long-term share ownership, with 5 voting rights for each Exor N.V. share held without interruption for 5 years .GAC, which owns 52.99 percent of Exor has confirmed full support for the transaction.  Full Article

Italy's Exor concludes sale of RCS stake
Thursday, 9 Jun 2016 11:46am EDT 

Italian holding company Exor says: concluded today sale of stake in RCS MediaGroup, equal to around 25.5 million shares, for a total amount of 17.3 million euros Further company coverage: [EXOR.MI] [RCSM.MI] (Reporting by Milan newsroom).  Full Article

Exor sees net debt falling to 2.9 bln euros in 2017
Wednesday, 25 May 2016 05:14am EDT 

Exor says in slides: net debt to fall to 2.9 billion euros in 2017 from 3.6 billion euros at May 2 . net asset value (NAV) at May 2 was $12.888 billion Further company coverage: [EXOR.MI] (Reporting by Milan newsroom).  Full Article

Exor Q1 jumps on PartnerRe inclusion, better performing investments
Friday, 13 May 2016 08:04am EDT 

Italian holding company Exor says: Q1 consolidated profit 201.1 million euros vs 40.6 million a year earlier . The quarter was helped by higher contributions from its investments, consolidation of PartnerRe, the reinsurer which Exor bought last year, and asset sales . Net asset value stood at $12.389 billion at the end of March versus a $13.355 billion three months earlier .Expects to report a profit for 2016.  Full Article

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