Exor

Exor N.V. is a Dutch holding company incorporated in the Netherlands and controlled by the Agnelli family through privately held company Giovanni Agnelli B.V. In 2021, it recorded revenues of more than $136 billion, with a net asset value of around $31 billion, becoming the 37th largest group in the world by revenue according to the 2021 Fortune Global 500 list. It has a history of investments running over a century, which currently include auto and truck manufacturers Stellantis, Ferrari, and Iveco, agricultural and construction firm CNH Industrial, the association football club Juventus, the international newspaper The Economist, and the Italian media company GEDI Gruppo Editoriale. In May 2023, Exor launched its investment management company Lingotto. History Founding and growth (1927–2007) The company was founded on 27 July 1927 under the name of Istituto Finanziario Industriale (IFI) by the then senator Giovanni Agnelli, with the aim of reuniting under a single company all the shareholdings he had acquired, mainly in industrial sectors. In 1957, IFI acquired control of Istituto Commerciale Laniero Italiano (ICLI), which conducted activities in the financial field, particularly in the textile and wool sector. In 1963, it extended its operations to the banking system and changed its name to Istituto Bancario Italiano Laniero (IFIL). Three years later, having spun off the banking business to Banca Subalpina, the company became IFIL, playing a parallel role to that of IFI and conducting similar investment management activities.