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Money and Wealth

John Elkann
Money and Wealth

Italy’s Billionaire Agnelli Family Buys 15% Stake Stake in Philips (for about $2.84 billion)

Netherlands-based Exor NV, the investment arm of Italy's Agnelli family, has become the top investor in Koninklijke Philips N.V. (Royal Philips) by buying 15% of the Dutch electronics company for about 2.6 billion euros ($2.8 billion). Exor NV is now the largest shareholder in Philips. While Exor NV doesn’t plan...
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