Daimler also interested in Italy's Ducati: report

MILAN Sun Apr 1, 2012 5:54pm IST

Professional motorcycle racer Nicky Hayden rides a Ducati Diavel Carbon at the LA Auto Show in Los Angeles November 17, 2010. REUTERS/Mario Anzuoni/Files

Professional motorcycle racer Nicky Hayden rides a Ducati Diavel Carbon at the LA Auto Show in Los Angeles November 17, 2010.

Credit: Reuters/Mario Anzuoni/Files

Related Topics

Stocks

   

MILAN (Reuters) - Germany's Daimler AG (DAIGn.DE) may be interested in buying Italian motorcycle maker Ducati, which is also being courted by rival German carmaker Audi, the premium cars arm of Volkswagen (VOWG_p.DE), newspaper Corriere della Sera said on Sunday.

The paper said negotiations between Audi and Ducati's owners were at an advanced stage but were not the only option on the table.

A source familiar with the matter told Reuters last month that Audi was on the brink of acquiring Ducati for around 870 million to 875 million euros.

Corriere said the talks between the Investindustrial private equity fund that controls Ducati and Audi were not exclusive and that Daimler was looking at a possible deal.

It said Investindustrial did not want to sell out of Ducati completely and a deal with Audi would leave open this possibility, but Daimler, which already has a marketing partnership with Ducati, could offer a better price.

(Reporting By Silvia Aloisi; Editing by Greg Mahlich)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Asian Markets

Asian Markets

Asian shares shine on U.S. tech results, ECB hopes  Full Article 

Pollution Levels

Pollution Levels

Delhi braces for worst air quality this Diwali week.  Full Article 

Stalemate

Stalemate

WTO prepares for crisis talks as India keeps veto on global deal.  Full Article 

Deal Talk

Deal Talk

Smartphone repair company B2X steps up expansion with Indian deal.  Full Article 

Ebola Outbreak

Ebola Outbreak

India to step up travel surveillance to stop any Ebola outbreak  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage