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Daimler AG to Buy 25 Percent of MV Agusta

Last July, rumors surfaced about Daimler’s plan to buy MV Agusta, which indicated that the German multinational corporation might be planning to expand its vehicle range to include motorcycles. Recently, Reuters confirmed about the imminent move of Daimler to buy 25 percent of the Italian motorcycle’s shares. The source claimed Daimler will be buying the stake of MV Agusta through its Mercedes-AMG performance division. The agreement would also include a seat on the board of MV Agusta. So far, the financial details surrounding the purchase weren’t disclosed by any of the parties. According to the report, the two would greatly benefit in the deal. Particularly, the association with Mercedes would provide MV Agusta… Continue Reading »


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