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Exor has no operations in Italy, but the move may irk politicians after a string of blue-chips ditched Italy in favour of the Netherlands for their legal headquarters in recent years.
Exor is the single largest investor in carmaker Stellantis and the controlling shareholder of companies including Ferrari (NYSE:RACE), CNH Industrial (NYSE:CNHI) and Serie A soccer team Juventus.
Ferrari and Stellantis, as well as its predecessor Fiat Chrysler, have all picked the Netherlands as their legal base, while keeping relevant operations in Itay.
“This further simplification of Exor’s organisational structure will result in the company being overseen by a single country regulatory authority,” Exor said in a statement.
($1 = 0.9803 euros)
