Billionaire Agnelli Is Philips' Largest Shareholder Now - What's Going On?
Italy's Agnelli family, through Exor NV, has raised their stake in Royal Philips NV to 17.51%, demonstrating increased confidence in the Dutch medical device manufacturer. This boost from 16.1% in May reflects a strong belief in Philips' potential and management effectiveness, especially following recent legal resolutions in the U.S.