(Finance) – Exor closed the agreement for the acquisition of a 10% stake in Institut Mérieux, the private healthcare holding of the Mérieux family.
The corresponding of 278 million euros, equal to one third of the total investment of 833 million, was paid today through a reserved capital increase, while the remaining amount should be transferred within the next 12 months.
As part of the partnership signed with the Mérieux family, John Elkann and Benoit RibadeauDumas have joined the board of directors of the Institut Mérieux.