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|10-22-2014, 06:21 AM||#1|
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Daimler to buy 30m stake in MV Agusta
Reports say deal could be signed as early as next week
GERMAN automotive corporation Daimler is looking to take a minority stake in MV Agusta, according to a source close to the project.
The source said no deal had been finalised but it could see Mercedes-Benz owner Daimler take a 20-25% stake in the Italian motorcycle manufacturer.
The German firm would act as an industrial partner, helping MV expand outside of Italy, where it makes one fifth of its sales.
Sueddeutsche Zeitung, Germany’s largest national daily subscription newspaper, reported yesterday that a 25% stake in MV would be bought through Mercedes-Benz’s AMG performance car division for around €30m (£23.7m), adding that a deal could be signed as early as next week.
Daimler and MV Agusta declined to comment.
A deal between MV and Daimler, should it come together, could be of huge value to MV, giving it access to world-class R&D facilities and Daimler’s high-end technology. For Daimler, the deal would provide a ready-made two-wheeled arm encompassing more than one brand (MV also owns the Cagiva name) and a range of modern, well-regarded bikes to compete with Ducati and BMW’s two-wheelers.
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