Daimler Denies Interest In Buying Italy's Ducati
April 01 2012 - 10:25AM
Dow Jones News
German car maker Daimler AG (DAI.XE) said Sunday it has no
interest in acquiring Italian premium motorbike maker Ducati Motor
Holding SpA, dismissing an Italian newspaper report.
"We have no interest in taking over Ducati," a Daimler spokesman
said, when asked about a report in Corriere della Sera. Without
revealing where it got the information, the paper said Daimler may
be interested in the manufacturer of iconic motorcycles.
In March, two people familiar with the matter told Dow Jones
Newswires that Audi AG (NSU.XE), the luxury auto manufacturer owned
by Volkswagen AG (VOW.XE), was considering the acquisition of
Ducati and could make a final decision on the matter by the end of
April.
Earlier this year, the owners of Ducati, which also include BS
Private Equity and Hospital of Ontario Pension Plan, confirmed they
are considering an initial public offering in Hong Kong for the
motorcycle maker in the second half of the year, though they would
consider a sale to a single buyer if the price was right. They
expect the business to fetch up to EUR1 billion.
Unconfirmed media reports said Audi is willing to pay between
EUR870 million to EUR875 million for Ducati.
Audi has repeatedly said it "generally doesn't comment on
speculation."
-By Klaus Brune, Dow Jones Newswires; +49 69 29 725 500;
klaus.brune@dowjones.com
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