Mercedes-AMG sells its MV Agusta stake

    MV Agusta Holding now controls 100 percent stake in MV Agusta Motor S.p.A.

    Published On Jul 26, 2017 06:00:00 PM

    3,870 Views

    Mercedes-AMG sells its MV Agusta stake

    MV Agusta

    After purchasing the remaining 25 percent stake, acquired in 2014 by Mercedes-AMG GmbH, MV Agusta Holding will now control 100 percent of MV Agusta Motor S.p.A.’s shares.

    The controlling stake of MV Agusta Holding will be held by GC Holding, the investment company of MV Agusta president, Giovanni Castiglioni, while ComSar Invest will be a minority shareholder.

    Giovanni Castiglioni, president of MV Agusta, commented: "The transaction with ComSar Invest in our holding company through a capital increase and the acquisition of the shares previously held by Mercedes-AMG in MV Agusta Motor S.p.A., represents an important milestone for our plan which has the main objective of reinforcement of MV Agusta’s core business: the production of high-performance, high-end motorcycles. In the last 12 months, the implemented measures have brought MV Agusta back in positive cash-flow generation, allowing us to complete the restructuring plan and to consistently support product development and consolidation of our key markets."

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