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Mercedes-AMG sells its MV Agusta stake

MV Agusta Holding now controls 100 percent stake in MV Agusta Motor S.p.A.
1 min read26 Jul '17
Sherman Hale Nazareth Sherman Hale Nazareth
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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."

2017 Triumph Tiger 1200 Explorer XCx vs rivals: Specifications comparison

With Triumph having recently launched the new 1200 Explorer, we see how it stacks up against its rivals, the Ducati Multistrada 1200 Enduro and the BMW R 1200 GS Adventure.
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2017 Benelli 302R vs Kawasaki Ninja 300: Specifications comparison

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Yamaha opens first scooter boutique in Chennai

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Autocar India News DeskAutocar India News Desk

Triumph Tiger Explorer XCx launched in India at Rs 18.75 lakh

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DSK Benelli 302R launched at Rs 3.48 lakh

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Benelli 302R launched

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