After several years of an acrimonious relationship with Mercedes-AMG, Italian motorcycle manufacturer MV Agusta has completed the buy–back of its outstanding shares from the German carmaker, officially ending the partnership. This means MV Agusta is now completely in the hands of chief operating officer Giovanni Castiglioni and ComSar Invest, an investment company owned by Black Ocean Group.
While the actual partnership percentage is not known, Black Ocean is owned by the Russian Sardarov family and is assumed to be holding a major interest in MV Agusta Holding, which in turns owns MV Agusta Motor, according to a Asphalt and Rubber report. MV Agusta Motor is the division that makes the firms road-going motorcycles, which is a separate entity from the Castiglioni Research Center design house and MV Agusta Reparto Corse, its racing department.
What is more interesting is the announcement that the reorganisation of MV Agusta’s corporate structure will now allow it to concentrate on the production of a four-cylinder Brutale, something that has been overdue for while due to the Varese firm’s tangled financial issues. It remains to be seen if the new four-cylinder, said to be displacing 1,200 cc, will be a major release at EICMA, as is traditional, or will hit European dealer showrooms in time for the summer riding season.
GALLERY: 2017 MV Agusta Brutale 1090
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We are still the best. Bought this company for few hundred million Eoro (RM billions) but sold it for 1 Euro
Business 101 score A
Yup. We din continue hold on while it makes losses unlike AMG, so far gone in value until even the mgmt can buy it for less than 1 Euro. P1 smarter than AMG.
Pity, this is the company we sold for 1 EURO despite buying it for few hundred million EURO (RM Billions).
This is Business 101 – Score A grade. 1st Class Honours
Pity, this is the company AMG sold for less than 1 EURO despite buying it for few hundred million EURO (RM Billions).
This is Business 101 – Score A grade. 1st Class Honours
The most exciting news of course, is the imminent launch the all-new MV Agusta F4 Superbike!
At least U are talking about MV Augusta bike. Others are playing the same old broken record again & again. Cheers…
Indeed AMG took the brand down to new lows that it lost so much more value until even a management buyout became possible, where this was never the case when under P1.