Two-time World Superbike Champion James Toseland announced his immediate retirement from motorcycle racing due to a debilitating injury to his right wrist. Signed with the BMW Motor Italia racing team, Toseland has been limited to just seven of 20 races in this season’s WSBK Championship due to the wrist injury initially suffered during a private […]
Investindustrial to Sell Ducati
The Italian manufacturer’s primary owner, private equity firm Investindustrial, is reportedly looking for a buyer in either the automotive industry or a rival motorcycle maker. The firm’s chairman, Andrea Bonomi, told Financial Times the time is right for finding a buyer.
“Ducati is now a perfect company but the further growth it requires needs the support of a world-class industrial partner,” Bonomi told The Financial Times. “This year, we will work towards that partner.”Investindustrial has owned a stake in Ducati since 2005. In 2008, Investindustrial bought out Ducati’s other owners with the support of BS Investimenti and Hospitals of Ontario Pension Plan (HOPP).”
According to The Financial Times, Investindustrial stands to make a billion euros (US$1.3 billion) by selling Ducati, or about three times the firm’s initial investment into the Bolognese company.
Last year, Investindustrial explored a public listing for Ducati on the Hong Kong stock exchange but it is now seeking groups in Asia, Europe and the U.S. Prospective buyers include BMW and Indian manufacturer Mahindra as well as the Volkswagen group.
[Source: The Financial Times]