Ital­ian firms fi­nan­cial woes solved – again

Motorcycle News (UK) - - This Week -

MV Agusta has an­nounced new fi­nan­cial back­ing which should safe­guard the firm’s fu­ture and see it re­turn to full pro­duc­tion.

MV Hold­ing now con­trols 100% of MV Agusta Mo­tor S.p. A., after re­ceiv­ing in­vest­ment from Com­sar In­vest, part of Black Ocean Group.

This means Mercedes AMG no longer owns 25% of MV Agusta S.p. A., with MV Agusta Hold­ing hav­ing bought the Ger­man car man­u­fac­turer’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

‘Mercedes AMG no longer owns 25% of MV Agusta’

MV Agusta, said: “The trans­ac­tion with Com­sar in our hold­ing com­pany through a cap­i­tal in­crease and the ac­qui­si­tion of the shares rep­re­sents an im­por­tant mile­stone for our plan which has as a main ob­jec­tive the re­in­force­ment of MV Agusta’s core busi­ness: the pro­duc­tion of high-per­for­mance, high-end mo­tor­cy­cles.”

This is the lat­est chap­ter in the MV Agusta story, which in­cludes them fil­ing for pro­tec­tion from cred­i­tors with al­leged debts of €40 mil­lion (£36 mil­lion) last year.

A few months later, in Oc­to­ber 2016, MV an­nounced fresh back­ing from the Black Ocean Group and con­firmed they would nar­row their range of mo­tor­cy­cles and fo­cus on pro­duc­ing pre­mium prod­ucts. MV is ex­pected to re­veal new mod­els at the Mi­lan Show in Novem­ber.

Gio­vanni Castiglioni has a mas­ter­plan

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