UPDATE: Volkswagen's Audi Unit Eyes Ducati Acquisition - Sources
13 March 2012 - 7:17AM
Dow Jones News
Audi AG (NSU.XE), the luxury auto-manufacturer owned by
Volkswagen AG's (VOW.XE), is considering the acquisition of Italian
premium motorbike maker Ducati Motor Holding SpA and could make a
final decision by the end of April, two people familiar with the
matter told Dow Jones Newswires on Monday.
A spokesman for Audi said the company "generally doesn't comment
on speculation".
Investindustrial, the majority owner of Ducati, best known for
its premium and professional racing bikes, declined to comment.
Ducati was unavailable for comment.
Last month, the owners of Ducati, which also include BS Private
Equity and Hospital of Ontario Pension Plan, confirmed that they
are considering an initial public offering, or IPO, in Hong Kong
for the motorcycle maker in the second half of the year, though
they would consider a sale to a single buyer if the price was
right. They expect the business to fetch up to EUR1 billion.
Volkswagen Chief Executive Martin Winterkorn earlier Monday
sidestepped questions about a possible interest in buying Ducati
during a press conference.
Volkswagen's supervisory board chairman, Ferdinand Piech, has
previously expressed interest in Ducati.
-By Christoph Rauwald, Dow Jones Newswires; +49 69 29 725 512;
christoph.rauwald@dowjones.com
(Rosario Murgida, Gilles Castonguay and Zofia Bakowska in Milan
contributed to this article)
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