Harley Davidson to buy MV Agusta

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Harley Davidson could be considering the acquisition of MV Agusta, Claudio Castiglioni’s historical Italian brand. Negotiations are said to be at an advanced stage and are involving the credit banks of the Varese company - at the head is the Gruppo Intesa San Paolo at around 95 million euro.

The MV Agusta business amounts to about 200 million euro divided between banks (130 million) and suppliers (70 millions). According to newspaper Il Messagero, the agreement would see the Milwaukee company acquire the credit that the banks and suppliers pass to MV Agusta.

Harley-Davidson would acquire about 80-85 percent of MV Agusta capital, leaving Castiglioni the remaining 15-20 percent. Today Castiglioni holds 29.6 percent of MV Agusta while 65.4 percent is held by the financial group Gevi.

It seems that Castiglioni is coming the full circle, as owner of the previous Cagiva group, which in its heyday also included Ducati, Motomorini and Husqvarna, established that business in the former AMF-Harley Davidson Schiranna facilities.

Via | Thekneeslider.com

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