Exor, 1.3bn consolidated loss in the half year

(ANSA) - TURIN, 03 SEPT - Exor, the holding company of the Agnelli family, closed the first half of 2020 with a consolidated loss of 1.3 billion, due to the negative impact that the Covid-19 epidemic had on the performance of its subsidiaries.

The net financial position is negative for 3.08 billion euros.

The negative change of 450 million - explains the company - is mainly due to the investment in ViaTransportation and Gedi (391 million) and the payment of dividends to shareholders (100 million) partially offset by the dividends received from investments (95 million) and other changes.

    Exor recorded a Nav (Net Asset Value) of 21 billion dollars as of June 30, down by 19.9% ​​compared to the 26 billion of December 31, 2019. To date, Exor has partially recovered land, amounting to almost 23 billion.

The performance of the Nav derives mainly from the market performance of the listed companies and also from the update of the value of PartnerRe by an independent expert (following Exor's announcement of the decision to retain ownership of the company after Covea's decision in May not to comply with the agreements taken).

(HANDLE).