Audi buys an EUR 860 million worth Ducati
2012-04-17 14:16:49
Audi car division, part of Volkswagen group agreed to buy Italian motorcycle company Ducati for about EUR 860 million (USD 1.12 billion) including debt, according to Reuters, quoting two people familiar with the matter. According to sources on the market quoted by the newswire, Ducati's liability is below 200 EUR million and Audi agreed with Ducati's main shareholder, Investindustrial to acquire the company. the announcement is expected to happen tomorrow. The purchase price was not disclosed but the amount will be published before the VW’s annual shareholders' meeting in Hamburg, the newswire said.
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