MUNICH - Ducati had hoped Audi would buy shares of his company with a purchase value reached 850 million euros. This figure will be used to cover debts worth 200 million Euro.
German automotive company Audi Ag, authorized the purchase of motor sport Italian manufacturer, Ducati. As quoted by Reuters on Wednesday (18.04.2012) Audi poured funds amounting to 860 million Euro.
Audi is still under the ownership of VW Group is scheduled to sign purchase agreement with Ducati, Thursday (04/19/2012). In the agreement reached, the price of Euro 860 million of debt was reduced. Then the Ducati up about seven times earnings last year.
Volkswagen CEO Ferdinand Piech had expressed interest to buy a Ducati since April 2008. But eventually defeated by the current owners of Ducati Investindustrial, a private equity firm based in Italy.
With the purchase of Ducati stock portfolio is a growing list of VW to compete with BMW. VW already has a car manufacturer, a large truck, boat engines and motorcycles too.
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