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Europe's richest families driving mega M&A deals

Some are moving into less risky sectors while others are consolidating in the face of low-cost competition

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Mr Elkann, who heads Italy's billionaire Agnelli family. In August the family's investment firm won the bid for reinsurer PartnerRe for US$6.9 billion.

London

JOHN Elkann, the leader of Italy's billionaire Agnelli family, has a way of preparing his relatives for a big takeover battle that you won't see at your everyday company.

In June, he gathered two branches of the prominent Italian family - owners of Ferrari and Fiat Chrysler

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