Inventdustrial sold their 70% of Ducati shares to Audi AG, part of the Volkswagon group.
As per Ducat News Today-
"Analysts are likening Audi’s purchase of Ducati to that of an older man taking a trophy bride as Reuters and others are calling the deal done with an official announcement soon. VW Chairman Ferdinand Piech seems to like Ducati so much he bought the company."
It is said that Audi AG is paying €860 million for Ducati Motor Holding S.p.A.
Andrea C. Bonomi, Chairman of Investindustrial commented:
“Ducati has thrived with us as a result of the intensive industrial turnaround and the commercial push into new, fast-growing markets. We are convinced that the company will continue to provide a bright and rewarding future to its customers and employees in the very capable hands of Audi. We believe that Audi is the best partner to continue the globalisation process that has already been successfully initiated.
The management team, led by Gabriele Del Torchio, and the Ducati's skilled and passionate workforce have been a key element in turning the company into a global brand with some of the most exciting motorcycle models currently on the market. I am convinced Audi will be a responsible new owner, preserving the Italian workforce’s technology skills for a bright future for the Company. Ducati has a loyal and growing customer base, which will be well looked after thanks to Audi and Volkswagen Group’s global presence and engineering excellence.
This transaction is the second purchase in only a few months of an Investindustrial group company by a strategic buyer, the other being the sale of the leading cladding and architectural envelope group Permasteelisa to JS Group of Japan.”
Hospitals of Ontario Pension Plan, a leading Canadian investor and BS Investimenti, also sold their stakes in Ducati to Audi AG.