Exor chairman says capital increase not planned

Newswire

TURIN, May 30 (Reuters) - Italian car company Fiat's controlling shareholder Exor said on Thursday it does not intend to ask shareholders for more capital, its chairman said. Exor has 925 million euros ($1.2 billion) in cash, according to slides shown to shareholders on Thursday. "To ask for more capital would not be opportune, and it is improbable because Exor shares are trading at a discount to our portfolio's net asset value," said Exor Chairman John Elkann ...

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