Milan, Sept. 22 (LaPresse) – Exor has released its financial results for the first half of 2026. Net Asset Value per share was €157.9, down 3.9% compared to the 11.8% increase in the MSCI World Index. Exor also reported a loan-to-value (LTV) ratio of 4.7%, well below its 15% target, with the company “in an excellent position to seize significant investment opportunities and deploy capital with discipline.” Exor also emphasizes that portfolio simplification continues, with the Iveco Group having completed the sale of its defense division to Leonardo, while Tata Motors has launched its tender offer for the Iveco Group itself, with the transaction expected to close in November 2026. Exor has also completed, the statement continues, the divestitures of GEDI, Lifenet, and NUO, and has reached an agreement to sell its stake in Welltec. The latter transaction will generate a MOIC of approximately 2.4x and bring Exor’s available liquidity to approximately 4 billion euros. Finally, Exor intends to launch a share buyback program of up to 500 million euros, to be executed on the market by the time of its next financial results announcement in March 2027.
Exor: €500 million share buyback by March 2027
Milan, Sept. 22 (LaPresse) – Exor has released its financial results for the first half of 2026. Net Asset Value per share was €157.9, down 3.9% compared to the 11.8% increase in the MSCI World Index. Exor also reported a loan-to-value (LTV) ratio of 4.7%, well below its 15% target, with the company “in an excellent position to seize significant investment opportunities and deploy capital with discipline.” Exor also emphasizes that portfolio simplification continues, with the Iveco Group having completed the sale of its defense division to Leonardo, while Tata Motors has launched its tender offer for the Iveco Group itself, with the transaction expected to close in November 2026. Exor has also completed, the statement continues, the divestitures of GEDI, Lifenet, and NUO, and has reached an agreement to sell its stake in Welltec. The latter transaction will generate a MOIC of approximately 2.4x and bring Exor’s available liquidity to approximately 4 billion euros. Finally, Exor intends to launch a share buyback program of up to 500 million euros, to be executed on the market by the time of its next financial results announcement in March 2027.