Agnellis Hunt €2 Billion Europe, US Deal After Ferrari Sale

Italy’s Agnelli family has earmarked around €2 billion ($2.3 billion) to invest in a US or European company, as it looks to redeploy proceeds from the partial sale of its Ferrari NV stake.

The family’s holding company, Exor NV, is looking for candidates after receiving €3 billion from the Ferrari transaction earlier this year, Chief Financial Officer Guido de Boer said in an interview. Exor would seek to buy 10% to 15% of the new company and become the largest shareholder, he said.