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Old 27th July 2017, 14:49   #1
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Default 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 sells its stake in MV Agusta-mv-agustamercedesamg.jpg

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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Old 29th July 2017, 12:20   #2
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Default 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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Old 21st December 2017, 14:13   #3
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Default Re: Mercedes-AMG sells its stake in MV Agusta

The owners of MV Agusta have completed the acquisition of shares that were previously held by Mercedes-AMG. With this, the MV Agusta Holding Company controls 100% stake in MV Agusta Motor S.p.A.

The MV Agusta Holding Company is co-owned by Giovanni Castiglioni's GC Holding and the Saradov family's investment arm - ComSar Invest. The latter, backed by the Black Ocean Group is believed to have a minority stake in the company.

Back in July 2017, Mercedes-AMG had sold its 25% stake in MV Agusta to ComSar Invest for an undisclosed amount. The bike maker had also announced a restructuring plan aimed to support the development of new products and market consolidation. The company has said that an intensive restructuring process has now been completed both financially and strategically. The focus has now shifted to the development of an all-new 4-cylinder platform which will form the basis for a new model expected to be launched in 2018.

Source: Road Racing World

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