Italy’s Agnelli family has sold its stake in inspection and verification business SGS to Belgium’s richest man Baron Albert Frere, in a deal that underlines the links between some of the world’s wealthiest business families.
The Agnelli-controlled holding group Exor banked a €1.5 billion net gain on the sale of its 15% stake in SGS to Groupe Bruxelles Lambert, which is controlled by Frere and the French-Canadian Paul Desmarais and his family.
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