“We are determined to continue the acquisition of PartnerRe because it is a company consistent with what has been said in the past, i.e. that we wanted to make a large investment, without wasting resources, complementary to FCA and CNH Industrial, we wanted a brother or sister to these two companies.
Thus the chairman of Exor, John Elkann, speaking to the shareholders' meeting of the Agnelli family financial company. Elkann indicated that PartnerRe, the Bermuda-based reinsurance company for which Exor has proposed 6,8 billion dollars, "represents an investment with these characteristics, is a leader in its sector and has a limited need for capital to grow and operate. It is a profitable company with sustainable profitability over time and which allows the distribution of profits and allows us to have well-defined governance”.
