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EXOR PUBLISHES HALF-YEAR REPORT AND ANNOUNCES €500 MILLION SHARE BUYBACK Portfolio simplification continued Iveco Group completed the sale of its defence business to Leonardo, Tata Motors launched its tender offer for Iveco Group, with closing expected in November 2026Exor also completed the divestments in GEDI, Lifenet and NUO and reached an agreement to sell its stake in Welltec. The Welltec deal will return a MOIC of approximately 2.4x and bring Exor’s deployable cash to around €4 billion NAV
The Tata Motors-owned automaker cited Chinese EV competition, a cyberattack, and U.S. tariffs as it targets £1.7 billion in savings over two years
Jaguar Land Rover is offering voluntary redundancy packages to white-collar staff to slash $2.3 billion in costs amid tariffs and stiff competition.
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