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|27th July 2017, 14:49||#1|
Join Date: Jul 2017
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Mercedes-AMG sells its stake in MV Agusta
Mercedes-AMG has sold its 25 percent stake in Italian bike maker MV Agusta. The shares were sold to ComSar Invest for an undisclosed amount. With this, MV Agusta Holding now has 100 percent stake in MV Agusta Motor S.p.A with ComSar Invest being a minority shareholder in the company, while GC Holding has a controlling stake. GC Holding is an investment company of Giovanni Castiglioni, CEO of MV Agusta.
Mercedes-AMG acquired the 25% minority stake in the company back in 2014. Reports of their exit first came to light when the CEO of MV Agusta confirmed that negotiations were on to buy back shares held by Mercedes-AMG.
With this latest divestment and fresh injection of capital from Russian businessman Timur Sardarov, the focus of the company has shifted to reinforce the core business of MV Agusta. The parent company has chalked out a restructuring plan and aims to lend its support for development of new products and market consolidation in the future to re-position the brand as a prime producer of premium motorcycles.
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|29th July 2017, 12:20||#2|
Join Date: Feb 2004
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Re: Mercedes-AMG sells its stake in MV Agusta
The numbers would anyway be too small to get the attention of the Mercedes CEO, who I think is bringing the focus back to their core businesses. In recent times, Mercedes has sold its Tesla stake too, gotten out of DTM racing & more. When their main businesses are on a roll, why waste bandwidth on areas that don't count?
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