Italy's Exor proposes conversion of preference, savings shares


MILAN, Feb 11 (Reuters) - Italian holding company Exor SpA said on Monday it has decided to covert its preference and saving shares into ordinary shares to simplify its governance and capital structure. The conversion rate is one to one for both categories of shares, it said in a statement. The move needs to be approved by shareholders meetings to be held on March 19 and March 20, it said. Exor, controlled by the Agnelli family, is the ...

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