11. Assets held for sale

This line item includes the investment in Banca Leonardo, reclassified in Assets held for sale following the signed agreement on 7 November 2017 together with the other major shareholders of Banca Leonardo - a leading independent wealth manager in Italy – under which it will be acquired by Indosuez Wealth Management - the global wealth management brand of Crédit Agricole Group – resulting in the divestment of EXOR’s entire 16.51% shareholding.

The investment was recognized at the estimated sale proceeds (€28.2 million). The transaction will be completed in the first half of 2018, subject to the approval of the competent authorities.

 

Commercial Register No.64236277 Legal notes | Credits