CORRECT: Volkswagen's Audi Unit Eyes Ducati Acquisition - Sources
12 Marzo 2012 - 9:09PM
Dow Jones News
Audi AG (NSU.XE), the luxury auto manufacturer owned by
Volkswagen AG's (VOW.XE), is considering the acquisition of Italian
motorbike maker Ducati 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.
Last month, the owners of Ducati, which 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 Italian 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.
-By Christoph Rauwald, Dow Jones Newswires; +49 69 29 725 512;
christoph.rauwald@dowjones.com
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