Exor, the Agnellis are strengthened: collection of 201 million to reduce debts

Exor, good news for the Elkann-Agnellis: the 2023 balance sheet of Giovanni Agnelli Bv

The 2023 financial statements of the Dutch holding company have been closed Giovanni Agnelli Bvthe vehicle that took the place of the historic limited partnership and which encompasses the various branches of the dynasty Lambs. Good news for John Elkann, there are fewer debts and more grip on the empire’s parent company. The share of the former limited partnership which includes the family branches rises to 55.5% thanks to the cancellation of the post-buyback securities made by the subsidiary. With a collection of 201 million very useful for reducing debts. From Giovanni Agnelli Bv – reports Milano Finanza – John Elkannthrough the simple company December, together with the brothers Lapo and Ginevracontrols an empire of over 35 billion euros between Stellantis, Philips, Ferrari, Gedi, The Economist, Lingotto and others.

There are non-recurring liabilities – continues Milano Finanza reduced to 8.1 millionfrom 109 million in 2022. In 2022 the safe had closed with debts of 371 million, linked to the payment (which took place in February of that year) of 203.4 million euros to the Revenue Agency as part of the double agreement worth 949 million to settle the disputes opened with the Italian Treasury after the transfer to the Netherlands. This year too, Giovanni Agnelli will benefit from Exor’s dividends, equal to 0.46 euros: in total, approximately 57 million. The photograph that emerges from the published financial statements is of a healthy holding company: assets are stable at 834 million.