Sunday, April 1, 2012

Reuters: Deals: Daimler also interested in Italy's Ducati: report

Reuters: Deals
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Daimler also interested in Italy's Ducati: report
Apr 1st 2012, 11:39

MILAN | Sun Apr 1, 2012 7:39am EDT

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 ($1.16-1.17 billion).

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.

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