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HomeNEWSFINANCIALSHARE OFFER PLANNED FOR MV AGUSTA

SHARE OFFER PLANNED FOR MV AGUSTA

MV Agusta chief executive Giovanni Castiglioni is preparing an imminent  initial public share offer of up to 30 per cent of his family-owned company on the Borsa Italia in Milan, according to well-informed German financial daily Boersen-Zeitung.

The newspaper also claimed that Mercedes-Benz parent Daimler had approached MV Agusta in recent weeks, seeking to acquire a minority stake. A spokesman at Daimler’s Stuttgart HQ declined to comment on this rumour.

Castiglioni had announced a year ago that he hoped to be in a position to bring the brand to Milan’s stock market in 2015.

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