60% a John, 20% each Lapo is Geneva. This is the subdivision of the December, the largest shareholder of the empire built by the Agnelli family, between the Elkann brothers. This was revealed by a deed just filed with the Turin Chamber of Commerce and whose content is revealed by The sun 24 hours. In the document they are reconstructed social pacts, donations and equity balances of the key company of Giovanni Agnelli Bv, at the top of the pyramid of Exor, the holding company with which the family manages its holdings in Ferrari, Stellantis, Cnh and many other companies.
From the foundation to the next steps: the history of December’s power
“The document filed was signed for a simple reason: the disappearance of all the shareholders who had subscribed the capital of the December at the time of its foundation in December 1984, or Giovanni Agnelli, Marella Caracciolo, Umberto Agnelli, Gianluigi Gabetti and Cesare Romiti“, he writes the sun. Given the legal form of a simple company, for years it was impossible to know the distribution of the shares, writes the Sun. Today, however, it emerges that 60% of the share capital is in the hands of John Elkann, with Lapo and Ginevra both at 20%.
The percentages correspond to 61.8 million for John and 20.6 million each for Lapo and Geneva, since the total share capital is approximately 103 million. That 60% derives from some purchases and sales. “After the death of Giovanni Agnelli, we proceeded to the consolidation: the package of 25.37% was divided perfectly between the three shareholders of the December, with the final result that the cake saw John, Margherita and Marella with 33.3% each“, he writes the sun.