"It is with the deepest sadness that EXOR has learned of the passing of Sergio Marchionne," Exor, which is owned by the Agnelli family, said in a statement.
Its CEO, John Elkann, said: "Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone."
Fiat had announced at the weekend that Marchionne, 66, was gravely ill in hospital in Zurich after suffering serious complications following surgery on his right shoulder last month.
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