India's Hero considers acquisition of Ducati

[MotoKai]

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BREAKING NEWS
Audi Said Poised to Buy Motorcycle-Maker Ducati for $1.1 Billion

By Chad Thomas - Apr 17, 2012 5:18 PM GMT+0800

Volkswagen AG (VOW)’s Audi is poised to purchase Italian motorcycle maker Ducati Motor Holding SpA from owner Investindustrial SpA for about 860 million euros ($1.1 billion), a person familiar with the matter said.Audi has reached an agreement with Investindustrial to buy the Bologna, Italy-based maker of luxury motorbikes, with VW’s supervisory board set to approve the deal tomorrow, said the person, who declined to be identified discussing the private negotiations. Audi and Investindustrial declined to comment.