(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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