In a sudden announcement to its shareholders, MV Agusta, the financially troubled Italian motorcycle manufacturer, said Mercedes-AMG has divested itself of its 25% stake. The German car maker’s quarter share of the Varese, Italy, firm has been sold to ComSar Invest, part of the Black Ocean group owned by Russian Timur Sardarov, who has interests in the oil and gas sector.

This signals an end to the sales and marketing partnership the two firms signed in 2014, but appeared to be souring when MV Agusta was hit by lawsuits and a forced production slow down last year. However, Giovanni Castiglioni, president and majority owner of MV Agusta said the company was back on financial track after some restructuring.

A statement released by MV Agusta said, “The new shareholding structure of MV Agusta Holding, which will control 100 per cent of MV Agusta Motor S.p.A., will see ComSar Invest as a strong minority shareholder and GC Holding, the investment company of Giovanni Castiglioni, owning the controlling stake.”

No numbers were released in the announcement, but it was stated there would be a capital increase, along with a focus on MV Agusta’s core business, the production of high-performance, high end motorcycles. According to reports, Mercedes-AMG bought its 25% stake in MV Agusta for 30 million euro (RM149 million) in November 2014.