Exor S.p.A. is an Italian

Italy

Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...

-based industrial holding company

Holding company

A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...

 controlled by the Agnelli family. The firm dates back to 1927 when Giovanni Agnelli

Giovanni Agnelli

Giovanni Agnelli was an Italian entrepreneur, who founded Fiat car manufacturing in 1899.-Early life:The son of Edoardo Agnelli and Aniceta Frisetti, he was born in Villar Perosa, a small town near Pinerolo, Piedmont, still the main home and burial place of the Agnelli family...

 formed Istituto Finanziario Italiano (IFI) to manage his investments in Fiat

Fiat

FIAT, an acronym for Fabbrica Italiana Automobili Torino , is an Italian automobile manufacturer, engine manufacturer, financial, and industrial group based in Turin in the Italian region of Piedmont. Fiat was founded in 1899 by a group of investors including Giovanni Agnelli...

, Cinzano

Cinzano

Cinzano is an Italian brand of vermouth, a brand owned since 1999 by Gruppo Campari. It comes in four versions:*Cinzano Rosso, which is amber-coloured;*Cinzano Bianco, which is white and drier than Rosso, yet still considered a sweet vermouth;...

 and other companies, as well as his interests in the village of Sestriere

Sestriere

Sestriere is an alpine village in Italy, a comune of the Province of Turin. It is from the French border. Its name derives from Latin: ad petram sistrariam, that is at sixty Roman miles from Turin....

. Exor continues to hold a significant stake in Fiat to this day. Shares in the company are listed on the Borsa Italiana

Borsa Italiana

The Borsa Italiana S.p.A., based in Milan, is Italy's main stock exchange. It was privatised in 1997 and is a part of the London Stock Exchange Group plc since 2007. In 2005, the companies listed on the Borsa were worth US$890 billion...

 and are a constituent of the FTSE MIB index.

In 1957 IFI acquired control of Istituto Commerciale Laniero Italiano, which conducted activities in the financial field, particularly in the textile and wool sector. In 1963 Istituto Commerciale Laniero Italiano extended its operations to the banking system and changed its name to Istituto Bancario Italiano Laniero. Three years later, having spun off the banking business to Banca Subalpina, the company became Istituto Finanziario Italiano Laniero (IFIL), playing a parallel role to that of IFI and conducting similar investment management activities.

IFI gained holdings in numerous firms over the decades, including Unicem

Buzzi Unicem

Buzzi Unicem S.p.A. is an Italian company, quoted on the Borsa Italiana, which produces cement, ready-mix concrete and construction aggregates. Its headquarters are in the town of Casale Monferrato which was once known as the Italian ‘cement capital’...

 and 3M

3M

3M Company , formerly known as the Minnesota Mining and Manufacturing Company, is an American multinational conglomerate corporation based in Maplewood, Minnesota, United States....

, many of which have since been divested

Divestment

In finance and economics, divestment or divestiture is the reduction of some kind of asset for either financial or ethical objectives or sale of an existing business by a firm...

. IFI listed preference shares

Preferred stock

Preferred stock, also called preferred shares, preference shares, or simply preferreds, is a special equity security that has properties of both an equity and a debt instrument and is generally considered a hybrid instrument...

 on the Borsa Italiana in 1968. A reorganisation of the Agnelli family's holdings in 2008 led to the merger of IFI and IFIL to create Exor, the new name being taken from the French

France

The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...

 company (then the majority owner of Perrier

Perrier

Perrier is a brand of bottled mineral water made from a spring in Vergèze in the Gard département of France. The spring is naturally carbonated...

 water and the Château Margaux

Château Margaux

Château Margaux, archaically La Mothe de Margaux, is a wine estate of Bordeaux wine, and was one of four wines to achieve Premier cru status in the Bordeaux Classification of 1855. The estate's best wines are very expensive...

 estate) which it acquired in 1991.

The family firm Giovanni Agnelli & C. owns 59% of ordinary shares and 39% of preferred shares in Exor, Mackenzie Cundill Group

Mackenzie Investments

Mackenzie Investments was founded in 1967 and is one of Canada’s largest investment management firms providing investment advisory and related services. With $68 billion in assets under management, Mackenzie Investments distributes its services through a diversified network of third-party financial...

 holds 13.2% of ordinary shares, Bestinver (an investment subsidiary of Acciona

Acciona

Acciona, S.A., is a Spanish conglomerate group dedicated to civil engineering, construction and infrastructure.The company was founded in 1997 through the merger of Entrecanales y Tavora and Cubiertas y MZOV. The company's headquarters is in Alcobendas, Community of Madrid, Spain. The company's U.S...

) owns 15.4% of preferred shares and the remainder of both classes of stock is free float.

Holdings

Declared shareholdings as of April 2011 were:

Company	% of share capital
Alpitour World	100%
Cushman & Wakefield	69.83%
Juventus Football Club Juventus F.C. Juventus Football Club S.p.A. , commonly referred to as Juventus and colloquially as Juve , are a professional Italian association football club based in Turin, Piedmont...	60%
Almacantar	54.98%
Vision Investment Management	42.50%
Fiat Fiat FIAT, an acronym for Fabbrica Italiana Automobili Torino , is an Italian automobile manufacturer, engine manufacturer, financial, and industrial group based in Turin in the Italian region of Piedmont. Fiat was founded in 1899 by a group of investors including Giovanni Agnelli...	30.45%
Fiat Industrial Fiat Industrial Fiat Industrial S.p.A. is a company to which Fiat S.p.A. Fiat Industrial S.p.A. is a company to which Fiat S.p.A. Fiat Industrial S.p.A. is a company to which Fiat S.p.A. (parent company of Fiat Group demerged its capital goods activities at the start of 2011...	30.45%
Sequana Capital	28.24%
Banca Leonardo	17.41%
Banijay Entertainment	17.09%
SGS Société Générale de Surveillance SGS S.A. provides inspection, verification, testing and certification services. With more than 67,000 employees, SGS operates of over 1,250 offices and laboratories around the world....	15%
Economist Group	4.72%
Perella Weinberg Partners Perella Weinberg Partners Perella Weinberg Partners L.P. is an independent, privately owned, global financial services firm providing corporate advisory and asset management services to clients around the world. Launched in 2006 by Joseph R. Perella, Peter Weinberg, Terry Meguid and several other partners from prominent...	2.00%
BTG Pactual BTG Pactual BTG Pactual is a Brazilian investment bank that resulted from the takeover of UBS Pactual by BTG in 2009. BTG Pactual is the largest independent investment bank in Latin America. It has experience in emerging markets...	0.26%