| || ||Thread Tools||Search this Thread|
|28th December 2005, 11:54||#1|
Senior - BHPian
Join Date: Mar 2005
Thanked: 1,640 Times
Proton sells MV Augusta stake for 1 Euro
Malaysia's Proton has reportedly agreed to sell its 58% stake in the Italian motorcycle maker MV Augusta - bought a year ago for about 70 Million Euros - to Italy's GEVI for ONE EURO......
Under the deal, the purchaser will assume debts totalling 106.95 Million Euros and working capital requirements of 32.50 million Euros.
Coming after the GM-Fiat splitup which cost GM 2 Billion, I think Italian businesses are very good at convincing others to buy into them at a loss.
Last edited by Steeroid : 28th December 2005 at 11:57.
|Thread Tools||Search this Thread|
|Thread||Thread Starter||Forum||Replies||Last Post|
|Kinetic sells all its stake in Mahindra Two Wheelers||mints21||Motorbikes||3||27th February 2014 10:58|
|Honda Siel UPDATE : Usha-Shriram sells stake, Honda now sole owner||adg_andy||The Indian Car Scene||66||11th August 2012 15:28|
|MV F3 675 Augusta Details Revealed!||ashwin.terminat||Superbikes & Imports||0||5th December 2011 21:09|
|Punto Euro-4 Vs Punto Euro-3||sandeep3in||Hatchbacks||15||24th September 2010 10:48|
|So Merc C Class sells > E Class sells > S Class?||GTO||The Indian Car Scene||3||10th November 2005 23:51|