Ducati and Lamborghini not up for sale
Ducati, an Italian motorcycle maker, is not to be put up for sale by parent German car manufacturer Volkswagen, Italian language daily Il Sole 24 Ore reported. The report cited sources who said that Rupert Stadler, CEO of Volkswagen subsidiary Audi had denied in a letter sent to Italian employees that Ducati and luxury Italian car manufacturer Lamborghini are up for sale.
A number of major US-based private equity firms were examining the possibility of a bid for Ducati, previous reports claimed.
Ducati closed 2014 with revenues of EUR 462.2m, an EBITDA of EUR 86.65m, a net debt of EUR 6.5m and a profit of EUR 27.46m, the report added. Analysts have given Ducati an enterprise value of EUR 1.2bn.
Il Sole 24 Ore