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Massimo Bordi Out at MV Agusta as Company Considers IPO

Massimo Bordi Out at MV Agusta as Company Considers IPO | Ductalk Ducati News | Scoop.it

MV Agusta announced a change in its executive as the company considers going public with an initial public offering.

The Italian manufacturer introduced Giorgio Girelli as its new executive vice president. Girelli’s appointment comes a day after CycleWorld reports MV Agusta has opted not to renew the contract of Chief Executive Officer Massimo Bordi.

Bordi is an engineer and an industry veteran, most notably with Ducati where he helped develop the Testastretta engine and the iconic Ducati Monster. After the passing of MV Agusta’s president Claudio Castiglioni, the company’s leadership fell to Bordi and Castiglioni’s son, Giovanni.


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AutoIndustryInsider.com | Volkswagen Group may purchase Ducati – why?

AutoIndustryInsider.com | Volkswagen Group may purchase Ducati – why? | Ductalk Ducati News | Scoop.it

  "Under the Audi wing (hence with Lamborghini and Bugatti) Ducati engineering will improve and quality will become simply brilliant all the time but the risk is it could become a little diluted by the ‘Group’ approach to engineering...."


The news swirled around the Geneva press days a few weeks ago that Audi would be the Volkswagen Group division to place a bid for Ducati, which is up for sale. Volkswagen Group has made no formal comment about the story, but senior officers have.

Why buy a motor bike manufacturer? Well the visionary leader and Chairman of Volkswagen Group Ferdinand Piech is a very big fan of Ducati, and is owns some Ducati bikes. Next, within the Audi group there is Bugatti and – more significantly – Lamborghini. Finally there is the BMW Motorrad division, which has made bikes for many decades with variable reputation but consistent commercial success – a division which upon the acquisition of Husqvarna bike division from the Electrolux group, celebrated the fresh thinking it brought to BMW. The Ducati Current investor Investindustrial has done much to re-build the company. Essentially Ducati customers want a slice of Italian style, at a high but not stratospheric price, along with devastating performance.

One senior Volkswagen Group person was quoted that Ducati would offer light weight engine technology to the Group. This is a flawed argument:...more

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Twelfth Brand of VW | Ducati acquisition of Audi almost perfect | manager magazin

Twelfth Brand of VW | Ducati acquisition of Audi almost perfect | manager magazin | Ductalk Ducati News | Scoop.it

(Translated from German)

He buys and buys and buys: Volkswagen patriarch Ferdinand Piech now grabs the motorcycle manufacturer Ducati. Guided by Audi negotiations are close to completion. Audi will pay 870-875 million euros.

Hamburg - After Scania, Volkswagen, MAN and a stake in Suzuki secures Volkswagen patriarch Ferdinand Piech now even the motorcycle manufacturer Ducati. The negotiations were conducted by Audi nearing completion, according to corporate circles.

"We do not want the VW management has too many brands of strain." It's not that long ago that incited Volkswagen supervisory board chief Ferdinand Piech from when he was asked about an acquisition of Ducati. And in fact, he even told an untruth. Because the purchase of the Italian motor brand is now nearing completion though. But VW does not buy Ducati. Audi takes over the Italians.
The Ingolstadt car maker Nobel've completed the due diligence as good as it says in the negotiating parties - and the results of the audit were very positive. The acquisition will most likely done it perfectly in April, Toyota will pay 870-875 million euros. The price is including the acquisition of some 200 million euros of debt. Is disputed, only the valuation of some land to report the Group Manager. But because of the closure will not fail.

A senior Audi man refused to confirm or not the near-completion. He raved, but the Ducati brand is "a jewel". Technically, the Italians were now "state of the art" and a "very nice stamp." For Ducati there is certainly still considerable growth potential, especially in North America and Asia.

"La Rossa" in the black...more (you will need Google translate to complete this, it's pretty long but quite comprehensive)

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Automotive News Europe | Why Audi will get Ducati

Automotive News Europe | Why Audi will get Ducati | Ductalk Ducati News | Scoop.it

Last October, Volkswagen Group CEO Martin Winterkorn told me: "Motorcycles are without question beautiful objects. But there are no plans to enter this line of business."

That will change if VW Group subsidiary Audi buys Italian motorcycle maker Ducati, as suggested in media reports. Here are five reasons this deal seems likely to happen.

• Piech's wish is a command: VW Chairman Ferdinand Piech said he regrets having missed out on the chance to buy Ducati "for peanuts" in the past. The 74-year-old legacy-building executive does not miss many opportunities to add to his collection of brands.

• Premium competition: One reason Audi has been successful is because it is not afraid of copying BMW, which is the world's top-selling premium automaker. BMW has a successful motorcycle division. Audi wants one, too. The deal also would keep Mercedes-Benz, which had a marketing alliance with Ducati, from getting its hands on the Italian motorcycle maker.

Read more: http://www.autonews.com/article/20120313/BLOG15/303139799#ixzz1p3URwSJ8

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AsphaltandRubber | Audi to Buy Ducati?

AsphaltandRubber | Audi to Buy Ducati? | Ductalk Ducati News | Scoop.it

It has been almost a year now since we broke the news that Ducati Motor Holding was up for sale, and I still can’t tell if the appropriate metaphor for the ongoing acquisition is a game of musical chairs or Russian roulette. Vying for a seat or putting the chamber to its temple, our latest contestant in “Who Wants to Buy Ducati” is Audi, the four-ringed German car manufacturer. Reported to have a right of first refusal, Audi allegedly has until mid-April to finalize a deal with Investindustrial (Ducati’s main investor) to buy Ducati from the Italian investment group.
Though Ducati sold over 40,000 motorcycles in 2011, the Italian company has roughly €800 million in debt on its books. This means that any company interested in buying Ducati would have to assume the Italian company’s debt onto its own books, which changes the actual purchase price of Ducati dramatically. For its part, Audi is rumored to be making an offer in the €850 million range, which would put the actual purchase value of Ducati at over €50 million, and could put as much as €100 million on the table for Investindustrial to take.
For a bit of history, Ducati’s first suitor was AMG (read: Mercedes-Benz), and while Ducati was keen to sell to the german sport car manufacturer, the Stuttgart natives were reportedly less enthusiastic about the idea. Though AMG and Ducati didn’t enter into a shotgun wedding, the two parties did have a quick torrid affair that resulted in the two companies sharing their marketing efforts, which included the creation of the Ducati Diavel AMG. With the romance reportedly ending late last year, Ducati continued to flirt across the bar with several other brands, and even sent some very ouvert signals with the mention of a private offering and the rumor of a public listing on the Hong Kong stock index....more

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MCN | Audi poised to buy Ducati

MCN | Audi poised to buy Ducati | Ductalk Ducati News | Scoop.it
German car giant Audi has until mid-April to decide if it wants to buy Ducati as part of a exclusivity deal according to insiders.

MCN sister title CAR magazine has revealed Audi (which is part of the massive Volkswagen Group) is likely to make the decision quite quickly and its thought the firm will pay just over £700million for the iconic Italian brand but that will also include taking on all of the Ducati debt....more

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Deep Dive: Is Ducati's Future in the Four Rings? | Automobile Magazine

Deep Dive: Is Ducati's Future in the Four Rings? | Automobile Magazine | Ductalk Ducati News | Scoop.it
Ferdinand Piech's dream may be on the verge of coming true: Audi is reaching out to potentially buy Ducati to bring Piech to the pinnacle of his entrepreneurial career with "Project Eagle."  

Ferdinand Piech's dream may be on the verge of coming true: Audi is reaching out to potentially buy Ducati to bring Piech to the pinnacle of his entrepreneurial career with "Project Eagle." As you read these lines, the integration of Porsche into the Volkswagen empire is nearing completion, and also due this year is the further consolidation of the truck business with increased synergy between Scania and MAN. And had it not been for General Motors' unexpected rise to its former glory, the VW Group would have climbed to the global top of the sales chart long before its 2018 target date.

Read more: http://www.automobilemag.com/features/news/1203_ducati_future_in_four_rings/index.html#ixzz1ogsD9i8a

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Bloomberg.com | Hero MotoCorp of India in Talks With Bankers on Possible Ducati Purchase

Hero MotoCorp Ltd., India’s biggest motorcycle maker, is in talks with bankers about buying Ducati Motor Holding SpA as it seeks technology to enhance its bikes and expand its business globally.

“Lots of people have been coming to us with Ducati: Not one banker but many bankers,” Pawan Kant Munjal, the managing director of Hero MotoCorp, said today in an interview in New Delhi. “We’re talking to a lot of people. Not just Ducati, whoever comes to us, we talk to them.”
Hero, which in December 2010 decided to exit a 26-year partnership with Honda Motor Co. (7267), is looking to gain technology through partnerships and acquisitions after that licensing relationship ends in 2014. The company has cash reserves of about $1 billion, Munjal said....more

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Ducati for sale. Another blow to the made in Italy? | L'economia della trasparenza

(translated from Italian)

Ducati, the Italian motorcycle manufacturer known worldwide thanks to MotoGP rider Valentino Rossi Also, is about to change hands. Investindustrial, the tricolor group of private equity firm headed by the Bonomi family, is going - after 6 years - to sell the brand in a transaction That Could Be worth up to EUR 1 billion, three times the initial investment. "Ducati is now currently a perfect company, but the further Top Growth Requires it needs the support of a world-class industrial partners. This year we will work to find That partner, "Andrea Bonomi, Investindustrial'chairman Told to Financial Times.

Last year Investindustrial, a leading private equity investors in Southern Europe - writes the FT - has mandated Deutsche Bank, Goldman Sachs to explore an IPO of Ducati in Hong Kong. Present also in. the operation Imi Bank as joint global coordinator. But a sale to a competitor or a large automotive group is currently seen as the pattern further Top Most Likely to internationalize the brand. Bonomi Said That a handful of industry groups in Asia, Europe and the USA are interested in and Ducati, According to sources familiar with the matter, among the potential buyers include the Indian group Mahindra and motorcycle Such giants as German Volkswagen, Mercedes and BMW, which effectively have Also builds momentum, even if provided it is not interested. Ducati, Which Began 86 years ago as a manufacturer of radio, now Holds at 10.5% global market of sports motorcycles, up from 8.5% in 2010. The sleek design and Its image has impassioned many celebrities, from Prince William of England. Ducati Motor Holding is Preparing to close 2011 with about 42.000 bikes Were sold and a turnover of close to 480 million, That Represent numbers to 20% INCREASE over the previous year. The company has paid debts amounting to about 1.7% of earnings before interest, depreciation and amortization: a low level in comparison with most of the private equity portfolio companies. BMW: We do not BMW Denies a possible interest in Ducati. "We are not interested in buying any business," says a spokesman for the Bloomberg German carmaker.

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Reuters - Italy's Ducati sees IPO as an option say's CEO

MILAN, Nov 7 (Reuters) - Italy's upmarket motorbike makerDucati continues to see an initial public offering of itsshares as an option, but not for the short-term, as it focuseson continuing its overseas (Italy's Ducati sees IPO as an option - CEO ...
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Daimler also interested in Italy's Ducati: report | Reuters

Daimler also interested in Italy's Ducati: report | Reuters | Ductalk Ducati News | Scoop.it
(Reuters) - Germany's Daimler AG (DAIGn.DE) may be interested in buying Italian motorcycle maker Ducati, which is also being courted by rival German carmaker Audi, the premium cars arm of Volkswagen (VOWG_p.DE), newspaper Corriere della Sera said on Sunday.

The paper said negotiations between Audi and Ducati's owners were at an advanced stage but were not the only option on the table.

A source familiar with the matter told Reuters last month that Audi was on the brink of acquiring Ducati for around 870 million to 875 million euros.

Corriere said the talks between the Investindustrial private equity fund that controls Ducati and Audi were not exclusive and that Daimler was looking at a possible deal.

It said Investindustrial did not want to sell out of Ducati completely...more  

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Cycle World | Ducati For Sale: Cycle World Visits the Factory | Bruno dePrato

Cycle World | Ducati For Sale: Cycle World Visits the Factory | Bruno dePrato | Ductalk Ducati News | Scoop.it

After Investindustrial’s Andrea Bonomi announced to the Financial Times that the private-capital firm intended to sell Ducati for a cool 1 billion euros, the whole financial world began probing for the names of the potential suitors.
The motorcycling world did the same, but with a different spirit: Ducati ranks high on the roster of most-loved motorcycle brands, and enthusiasts around the world are concerned about the “qualifications” of ownership candidates: The buyer needs to be able to keep Ducati on its present course of building high-performance, high-technology and high-style motorcycles.
This type of well-guided, respectful stewardship did not take place when the Texas Pacific Group equity fund took over Ducati in the 1990s, nor even when Investindustrial acquired the majority holding in the brand from TPG in 2008. Despite this, the strength of Ducati’s image has grown enormously thanks to the quality of its models, as well as from its success in World Superbike and MotoGP racing (despite recent setbacks in the latter). Even the hiring of Valentino Rossi, for the little it produced on the track, enhanced Ducati’s image.
In the days since the announcement, the list of potential acquirers included (an improbable from the beginning) BMW to Volkswagen (through is subsidiary Audi) to Mercedes-AMG to India’s Mahindra and Hero, just to name the most visible, powerful transportation brands. Let me limit my guesswork to the two names that appeared most credible from the beginning: Mercedes-AMG and Audi....more



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Ducati Sale Update | Audi about to buy Ducati for EUR 870 mn: Reports | The Economic Times

Ducati Sale Update | Audi about to buy Ducati for EUR 870 mn: Reports | The Economic Times | Ductalk Ducati News | Scoop.it
Audi is on the brink of acquiring Italian motorcycle maker Ducati for around 870 million euros ($1.2 billion) to 875 million.

FRANKFURT: German luxury carmaker Audi is on the brink of acquiring Italian motorcycle maker Ducati for around 870 million euros ($1.2 billion) to 875 million, a source familiar with the matter told Reuters on Friday.

"The due diligence is not yet completed. There are still a few issues that need to be examined," the source said, confirming a weekly German magazine report.

Manager Magazin, citing company sources, said on Friday the acquisition of Ducati was "as good as perfect" and the acquisition price would be between 870 million euros and 875 million, including debts of around 200 million.

It said the valuation of a few real estate properties still needed to be sorted out but the deal was not expected to collapse over this issue...more

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Video | Bloomberg | Audi in Talks to Buy Luxury Motorcycle Maker Ducati

Video | Bloomberg | Audi in Talks to Buy Luxury Motorcycle Maker Ducati | Ductalk Ducati News | Scoop.it

Bloomberg's Erik Schatzker reports that Audi AG is in talks to buy Ducati Motor Holding SpA, the maker of luxury motorbikes ridden by celebrities such as Brad Pitt, from owner Investindustrial SpA, according to two people familiar with the matter. He speaks on Bloomberg Television's "Inside Track." (Source: Bloomberg)

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VW tight-lipped on Audi-Ducati talk | Autocar.co.uk

VW tight-lipped on Audi-Ducati talk | Autocar.co.uk | Ductalk Ducati News | Scoop.it

...VW's chief executive Martin Winterkorn would not confirm or deny the rumour during this morning’s VW Group profits press conference in Germany.

Volkswagen Group chiefs have remained tight-lipped about the prospect of Audi buying the Ducati motorcycle brand. The Ingolstadt-based manufacturer has been linked with a buyout of the famous Italian bike company, but VW's chief executive Martin Winterkorn would not confirm or deny the rumour during this morning’s VW Group profits press conference in Germany.
Although Ducati entered a cooperation agreement with Daimler offshoot AMG in 2010, Audi has emerged as favourite to buy the firm – and take on its considerable debts – from parent company Ducati Motor Holding, the investment arm of an Italian family. Ducati sells around 35,000 motorcycles per year.
VW top brass have long been keen to add a motorcycle brand to their group’s portfolio, which includes Volkswagen cars, Audi, Seat, Skoda, Bentley, Bugatti, Lamborghini, Porsche, Volkswagen commercial vehicles and truck companies Scania and MAN...more

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Audi to buy Ducati – the four rings expands from four wheels |Car Magazine Online

Audi to buy Ducati – the four rings expands from four wheels |Car Magazine Online | Ductalk Ducati News | Scoop.it

Audi has struck an exclusive deal giving it first rights to buy Italian superbike manufacturer Ducati, CAR can reveal.

The exclusivity deal gives Audi until mid April when the deal will likely be finalised, according to high-ranking sources contact by CAR.

Ducati's liabilities are said to be in the area of €800 million, and our sources suggest the total purchase price is about €850m. This is a bold move by Audi, which sees the long-term advantage in moving into two wheels as well as four.

Why is Audi buying Ducati?

It's all part of Project Eagle, another brainchild of Volkswagen group scion Ferdinand Piech. He has been eyeing up the opportunity of buying a prestigious motorcycle brand for some time, and considered reviving Horex, a German motorbike firm which made single- and twin-cylinder bikes from 1936 to 1956.

But Horex doesn't have enough brand recognition, so when Bologna-based Ducati came up for sale the VW Group paid close attention. Especially since Mercedes-Benz recently entered into a cross-promotional deal with Ducati....more

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Ductalk Completely Unconfirmed Gossip: gp-inside.com | Ducati was purchased by VW!

Ductalk Completely Unconfirmed Gossip: gp-inside.com | Ducati was purchased by VW! | Ductalk Ducati News | Scoop.it

(translated from French)

While several names, including BMW, Mahindra, Hero Motocorp ... had been raised for the eventual redemption of Borgo Panigale, it seems (and we stress the conditional), whether that VW is finally the happy owner .

This information comes directly from a staff member of Ducati, who prefers, however (and will be readily understood) remain anonymous.

He said the visit in Borgo Panigale was held last week, and the funds would be already happening. Still according to him, an official statement should be published in the coming hours.

As stated above, this information is to be taken with the distance it must as it has not been officially confirmed by Ducati. Stay tuned!


Ductalk Editors "just our opinion" note - This is a completely unconfirmed story kicking around on Twitter and the 'net today. VW has been interested in Ducati in the past so this is a lot less far fetched than say, the Hero speculation. We do just love this old photo though, don't you?

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SuperBike | Ducati increase market share with a view to selling up.

SuperBike | Ducati increase market share with a view to selling up. | Ductalk Ducati News | Scoop.it
Ducati launch the Panigale superbike the same weekend details of them selling up becomes public.

Ducati is up for sale. Think about it, it makes perfect sense. Ducati has increased its brand awareness by launching a series of brilliant road bikes, like the Panigale and then it got the biggest name in motorcycle racing on its GP bike (his name is Valentino Rossi if you're reading this from the passenger seat of a DeLorean in 1955).

Considering that a few years ago, VW chairman Ferdinand Piech was offered Ducati for one Euro, the asking price of €1bn seems a fairly strong one.

But, that's what you'll need if you want to get in the driving seat of Ducati. In the UK, they've just posted their best sales results since 2003, globally they've increased their market share, in the USA in particular, and things are looking up.

Officially, they're looking at two options, the lock stock and barrel approach, to any one of a number of firms, none of which we could prize the names out of our mole. This will take months to sort out, with a further few months of due diligence while Ducati get frisked down by the new owner...more

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Ducati Owners Look At 2nd Half Of 2012 For Possible IPO | 13th February 2012 | Real Time Market News

MILAN -(Dow Jones)- The owners of Ducati are considering an initial public offering, or IPO, for the Italian motorcycle maker in the second half of the year, a spokesman for one of the owners said Monday....more

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