Agnelli’s Exor to move listing to Amsterdam from Milan
MILAN — The Agnelli family’s Exor holding company said on Friday it would move the trading of its shares to the Amsterdam bourse from Milan to align its listing venue with its legal structure as a Dutch registered company.
Exor has no operations in Italy, but the move may irk politicians after a string of blue-chips ditched Italy in favor of the Netherlands for their legal headquarters in recent years.
Exor is the single largest investor in carmaker Stellantis and the controlling shareholder of companies including Ferrari, CNH Industrial and Serie A soccer team Juventus.
Ferrari and Stellantis, as well as its predecessor Fiat Chrysler, have all picked the Netherlands as their legal base, while keeping relevant operations in Itay.
“This further simplification of Exor’s organizational structure will result in the company being overseen by a single country regulatory authority,” Exor said in a statement.
($1 = 0.9803 euros) (Reporting by Giulio Piovaccari; editing by Agnieszka Flak and Valentina Za)