Italy's Exor To Reduce Small Investments In Portfolio

Date : 04/11/2012 @ 10:04AM
Source : Dow Jones News
Stock : Pearson, (PSO)
Quote : 8.18  0.09 (1.11%) @ 11:20AM

Italy's Exor To Reduce Small Investments In Portfolio

Exor (BIT:EXO)
Historical Stock Chart

5 Years : From Apr 2012 to Apr 2017

Click Here for more Exor Charts.

Italy's Exor SpA (EXO.MI), the investment vehicle of the Agnelli family which founded Fiat SpA (F.MI), Wednesday said it wants to reduce the number of small investments in its portfolio and concentrate on the large holdings.

It didn't identify any of the investments it might sell. Some of its smaller investments include stakes in television producer Banijay Group and paper maker Sequana SA (SEQ.FR).

Its biggest investments include controlling stakes in Fiat and sister company Fiat Industrial SpA (FI.MI).

"We want to reduce the number of small investments in order to concentrate on a few larger ones," said an advance copy of the preface to Exor's annual report by Chief Executive John Elkann.

Exor will publish the report April 18 ahead of the May 29 annual shareholders' meeting in Turin, the northwestern industrial city in Italy where Exor and the Agnelli family are based.

-By Gilles Castonguay, Dow Jones Newswires; +39 02 5821-9908; gilles.castonguay@dowjones.com; @GRCastonguay




Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.