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

Market Eye

REUTERS SHOWCASE

Bullish on Equities

Bullish on Equities

Bullish on Indian equities, but gains seen 'less sharp'- Goldman Sachs  Full Article 

Streamlining Operations

Jet Streamlines

Jet Airways chairman says looking to restructure debts, talking to bankers  Full Article 

Political Economy

Political Economy

Analysis - Watch what markets don't do as world politics turns nasty   Full Article 

Photo

Honda's India Thrust

Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec   Full Article 

Short of Expectations

Short of Expectations

Apple revenue lags Street's view despite strong China growth  Full Article 

Mircosoft Results

Microsoft Results

Microsoft revenue rises, profit falls as Nokia absorbed  Full Article 

Relief For Sahara

Relief For Sahara

Supreme Court could allow Sahara boss to conduct asset sale talks, company says.  Full Article 

Photo

Food Scandal

Five held in China food scandal probe, including head of Shanghai Husi Food   Full Article 

Reuters India Mobile

Reuters India Mobile

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