Daimler denies media report that it wants to acquire Ducati

Article by Anita Panait, on April 3, 2012

Daimler AG denied a report by Corriere della Sera newspaper suggesting that it is interested in acquiring Italian motorcycle maker Ducati. A Daimler spokesman denied that the German carmaker has plans to acquire Ducati, saying that they have no interest in taking over the Italian motorcycle maker.

Another German carmaker, Audi is currently courting Ducati. Both companies are in advanced negotiations, Corriere della Sera reported. However, Ducati is still open enter to takeover talks with other interested parties.

Audi is close to acquiring Ducati for a takeover price of EUR870 million to EUR875 million, which is equivalent to around $1.16 billion to $1.17 billion, a source told Reuters last month.

Corriere della Sera disclosed that since talks between the Investindustrial, a private equity fund that controls Ducati, and Audi were not exclusive, Daimler could make another offer.

 The Italian newspaper said that Investindustrial does not want to sell all of its holdings in Ducati and an agreement with Audi would leave open this possibility. Daimler, however, currently has a marketing partnership with Ducati and could offer a better price.

Topics: daimler, ducati

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