RACE - Exor NV Trades About A Third Below NAV - Should You Invest?
I have been writing a lot about holding companies in recent weeks (I wonder when you can begin calling it "a series"). Exor NV (OTCPK:EXXRF) is the publicly listed entity through which Italy's Agnelli family, the descendants of the founder of Fiat, hold their core assets.
Please note that wherever necessary, I apply exchange rates as of December 29th (1 USD =0.87 Euro; 1 USD= 0.79 Pound Sterling).
Overview
Exor SpA was founded in 2008 through a merger of previous entities controlled by the Agnelli family in which their different assets were