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Additional details on the Companys 2017 financial outlook are available in the EXOR Analyst and Investor Presentation.
Concurrent with the expiry of the CIR-FCA shareholder agreement, a new shareholder agreement will take effect between CIR and EXOR.
Tadjbakhsh joined Exor, which controls carmaker Fiat-Chrysler, in May 2012 from Goldman Sachs in Japan, where he was chief operating officer for investment banking.
Under the terms of the deal, Exor will pay 287 million pounds to increase its stake to 43.
In conjunction with the sale, Exor upped the ante in its takeover battle for reinsurance giant PartnerRe Ltd.
Exor have 200+ communication drivers including connection to the most popular fieldbus networks, and several industrial Ethernet protocols.
Exor controls Fiat SpA (BIT:F), Fiat Industrial (BIT:FI), and Juventus Football Club (BIT:JUVE), among others.
The rumor mill has hit top gear with reports that Red Bull, Mercedes, McLaren and Ferrari are to meet with Rupert Murdoch's News Corporation and Ferrari investors EXOR next week.
Eleven members of Fota, the Formula One Teams' Association will meet to discuss the implications of the recent interest shown by News Corporation and Exor, owners of Fiat and Ferrari.
The reports stated that Exor Chief Executive John Elkann, who is also chairman at Fiat, ruled out any asset sales for Fiat Industrial in April.
The sport faces a crossroads over its potential direction in light of the interest expressed this week by Rupert Murdoch's News Corp, in tandem with Italian investment giant EXOR, run by the Agnelli family, with regard to a takeover.
F1 is a money-making machine, with annual profits of pounds 600 million, which is why there is interest from Rupert Murdoch's News Corporation, in partnership with investment giant EXOR, regarding a takeover.