Published on July 26th, 2017 | by Daniel Sherman Fernandez0
Why Did Mercedes Sells Its 25% Stake Of MV Agusta
Mercedes-AMG has sold its 25% stake in the Italian motorcycle manufacturer MV Agusta. The share has been bought by ComSar Invest, which now controls 100% of the bike company. ComSar is part of the Black Ocean Group, owned by wealthy Russian oil and gas magnate Timur Sardarov.
Clearly Mercedes-Benz does not need the funds and Mercedes wanted to have a motorcycle brand in its stable since years ago. Mercedes-AMG purchased their stake in MV Agusta three years ago as an answer to Audi’s Ducati purchase. Last year, the Italian company returned to profitability for the first time in many years, so why sell it now when the company has just turned around? We wait to find out and will share the answer with you soon.