The Agnelli Family Increases Stake in Philips: A Signal of Confidence in the Dutch Medical Device Manufacturer In a significant move reflecting increased confidence, Italy’s billionaire Agnelli family has raised its holding in Royal Philips NV. The family's holding company, Exor NV, now owns 17.51% of Philips, a stake valued at approximately $4.19 billion. This strategic decision underscores Exor's belief in the potential of the Dutch medical device manufacturer, which has been navigating through some challenging times. Exor NV: The Agnelli Family's Investment Arm Exor NV serves as the holding company for the Agnelli family, founders of the iconic Italian automaker Fiat. Over the years, Exor has evolved from its automotive roots to diversify into various sectors, including healthcare, technology, financial services, and luxury goods. This diversification strategy aims to mitigate risks and leverage growth opportunities across different industries. In...