Well it looks like
the guys at Harley have wandering eyes, especially
for sophisticated Italian Beauties...
According to Messaggero, an Italian press outlet, Harley are making
amorous advances to MV Augusta, the debt ridden producer of expensive
European glamour pussies. The deal would see Harley-Davidson
buy out most of the debt of MV Agusta, which stands currently at around
a whopping 200 million euros -- 130 million euros held by banks and 70
million euros held by suppliers.
The operation would envisage a write off of part of the debt,
Messaggero said.
Harley-Davidson wants to write off about 35 percent of the debt but the
banks and suppliers arent willing to carry the can for all of that and
want that amount reduced to at least 30 percent.
Intesa Sanpaolo SpA holds debt of MV Agusta of about 95 million euros,
Messaggero said.
The paper said Harley-Davidson could buy 80-85 percent of MV Agusta's
capital, leaving businessman and long term supporter of MV Augusta,
Claudio Castiglioni, with 15-20 percent.
Castiglioni currently owns 29.6 percent of MV Agusta while 65.4 percent
is owned by the finance company Gevi.
So Harley Davidson is going up inthe world? Or maybe Harley is
compromisong its ideals to try and broaden its market appeal? I guess
that depends on how you look at things, but from any prespective, this
is an exciting piece of news from Italy....
....if its true of course...
Return from Harley Dvidson Eyes up MV Augusta: "Ciao,
Bella!" to the Motorcycle Parts home page
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