Exor Settles Tax Issue in Italy With EUR746 Million Payment -- Update
February 18 2022 - 1:39PM
Dow Jones News
By Kim Richters
Exor NV said Friday that it has settled a tax issue with
authorities in Italy, paying 746 million euros ($847.6
million).
The investment company said the issue is related to Italian
registered company Exor SpA, which merged with its Dutch subsidiary
Exor Holding NV in 2016 to form Exor as it operates today.
"The settlement agreement does not and should not be interpreted
as a recognition, or even partial acceptance by Exor of the
subsequent interpretations advanced by the Italian Tax
Authorities," the company said.
Exor said the settlement was paid in full and will be reflected
in its accounts for 2021.
Exor's majority shareholder Giovanni Agnelli BV also said on
Friday that it has settled its own tax issue with authorities in
Italy, agreeing to pay EUR203 million.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
February 18, 2022 13:24 ET (18:24 GMT)
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