Exor Group, the Netherlands-based holding fund for Italy’s Agnelli dynasty, had an eventful year. The highlight was completion of the Stellantis merger, which united automakers Fiat Chrysler and PSA into an entity in which Exor is the biggest shareholder. Exor also became the majority owner of Shang Xia, the Chinese fashion brand cofounded by Hermès. That was both Exor’s first big mainland-China investment and the first addition of a luxury brand to its portfolio, which also includes Ferrari, soccer club Juventus, and the Economist Group. However, the $9 billion sale of Exor’s PartnerRe insurance business to France’s Covéa fell through because of the pandemic.
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