The continuing back-and-forth machinations of MV Agusta continue with Italian newspaper Il Giorno reporting that there are now THREE investors looking to take a large share of the company in an effort to get things on an even keel.
MV has been left in a financially poor position with recent reports claiming that sales of bikes is nowhere near what’s needed to pay off rising debt funded on developmental costs.
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MV has a 20% stake holder in car company Mercedes-AMG. Should MV find more investment so that the overall investment value from AMG drops below 20% of the company value then the Italian firm would have to repay AMG the Euro 15 million in order to distant itself from the four-wheelers.
According to the Italian reports MV is offering a larger share of the company for somewhere between Euro 25 million and 50 million. Il Giorno says that the three potential investors include two investment fund companies and an Italian industrialist.
The news about what could amount to nearly half the company being sold off to secure big cash investment comes just a couple of days after MV debuted this teaser for something coming from the factor at the start of next month, there’s no details about what this vehicle will be but it is being designed and developed in conjunction with Italian car design house Zagato – hence the large Z on the side of the fairing: