"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.

Exor is the single largest investor in carmaker Stellantis and the controlling shareholder of companies including Ferrari, CNH Industrial and Serie A soccer team Juventus.

($1 = 0.9803 euros)

(Reporting by Giulio Piovaccari; editing by Agnieszka Flak)