According to a report by Reuters, Juventus (JUVE.MI) shares surged nearly 14% on Monday after the Agnelli family rejected a takeover offer from Tether for more than 1 billion euros.

Although the offer was about 21% above the previous closing price, Exor has stated that it has no intention of selling any shares.

The market interprets that Juventus is not just a financial asset for Exor, but holds long-term strategic value.