MV Agusta president and CEO Giovanni Castiglioni recently dismissed reports of Fiat and MV being in talks for acquisition.
A rumour surfaced roughly two months ago that the Italian auto-making giant were interested in purchasing the MV brand, perhaps in an effort to emulate rivals Volswagen Group and their move in purchasing Ducati via proxies Audi and Lamborghini. Castiglioni maintains that the MV brand is solely focussed on building its growth, and building motorcycles.
Castiglioni further added: “I’d like to take this opportunity to deny rumours circulated by the media over the last few days concerning supposed negotiations vis-à-vis the sale of a share of MV Agusta to the Fiat-Chrysler Group.”
MV recently marked a good turning point, recording a 22% growth in sales for the first quarter of 2014. Despite so, the brand is indeed looking towards placing itself in the public market space, targeting this venture to happen sometime in 2016. With that in it sights, it is easy to see how a single-party investor could come in the picture and fully acquire the brand.
It maybe a very solid move, but many industry experts believe MV will need to brush itself up a little bit more in order to attract the right suitor.
Source: MV Agusta via Asphaltandrubber
