Private equity owner looking to sell Ducati: FT
LONDON | Mon Feb 13, 2012 8:09am EST
LONDON (Reuters) - The Italian private-equity owner of Ducati is looking to sell the motorbike brand for up to 1 billion euros ($1.32 billion), three times its initial investment, the Financial Times reported on Monday.
Investindustrial, which is backed by the Bonomi family, had sounded out a Hong Kong public listing for Ducati in 2011 but a sale to a rival or large car group was more likely now, the FT said.
People close to the situation told the paper that possible buyers could include Indian motorcycle group Mahindra (MAHM.NS), as well as Volkswagen (VOWG_p.DE) and BMW (BMWG.DE).
"Ducati is now a perfect company but the further growth it requires needs the support of a world-class industrial partner," Investindustrial's chairman Andrea Bonomi told the paper.
"This year, we will work towards that partner."
In November, Ducati chief executive Gabriele Del Torchio said the motorbike maker had raised its share of the markets where it operates around the world to 10.7 percent, up from 8.5 percent in 2010.
A spokesman for BMW said the motorcycle manufacturer best known for its R 1200 GS Adventure enduro and the S 1000 RR supersports bike was not interested in a purchase of Ducati.
Volkswagen declined to comment. VW Chairman Ferdinand Piech, who said he drives Ducatis himself, admitted a few years ago that he regretted not having acquired the brand back then when Ducati could have been bought "for peanuts." ($1 = 0.758
http://www.reuters.c...E81C0VV20120213
Private equity owner looking to sell Ducati: FT
Started by qqqbear, Feb 13 2012 10:57 AM
1 reply to this topic
#1Posted 13 February 2012 - 10:57 AM #2Posted 13 February 2012 - 03:47 PM
At the track the BMW's are eating everyones lunch. Just in a league ahead of the Japanese and Ducati. Traction control, quick shifters etc
Good time to exit the company if you ask me. Moto GP is dominated by Honda or should I say Honda rules. All Moto2 machines running Honda Motors Soon the difference in any of these machines will be found in their electronics-Future suspension systems are going fly by wire. Probably will get bought by a company that specializes in cologne in the hopes of expanding its clothing line and then that will mark the end of a great company that truly punched above its weight for so long. 0 user(s) are reading this topic0 members, 0 guests, 0 anonymous users |
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