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Hero MotoCorp considers Ducati purchase

Hero MotoCorp considers Ducati purchase

March 6, 2012
Filed under News, Top Stories

India-based Hero MotoCorp Ltd. is looking into buying Ducati Motor Holding SpA, Hero managing director Pawan Munjal told Bloomberg.com.

The company, which just recently entered a partnership with Erik Buell Racing, is considering many assets as it looks to expand overseas.

“Lots of people have been coming to us with Ducati — not one banker but many bankers,” Munjal told Bloomberg in a March 2 interview in New Delhi. “We’re talking to a lot of people. Not just Ducati — whoever comes to us, we talk to them.”

Munjal said Hero has cash reserves of about $1 billion. Investindustrial SpA, the private-equity firm that owns Ducati, is looking to sell the OEM for about $1.3 billion.

To read the full Bloomberg.com story, click here.

Comments

4 Responses to “Hero MotoCorp considers Ducati purchase”

  1. Ryan on March 6th, 2012 3:09 pm

    “Munjal said Hero has cash reserves of about $1 billion. Investindustrial SpA, the private-equity firm that owns Ducati, is looking to sell the OEM for about $1.3 million. ”

    What?

    [Reply]

  2. Devin Battley on March 6th, 2012 9:55 pm

    Your article says ” Investindustrial SpA, the private-equity firm that owns Ducati, is looking to sell the OEM for about $1.3 million.” For that price, I would find a way of buying Ducati! LOL!!

    [Reply]

  3. Todd on March 9th, 2012 11:03 am

    If you click through to the article, you realize that PSB made an error… Only a factor of 1,000… :)

    Maybe PSB is using the same math that Dealernews uses to estimate Indy traffic? :)

    “Investindustrial is seeking to sell or list Ducati for as much as 1 billion euros ($1.3 billion), the Financial Times reported last month, citing Andrea Bonomi, chairman of the European buyout firm.”

    [Reply]

  4. Liz Hochstedler on March 13th, 2012 2:14 pm

    Hi everyone,
    I’m sorry I made the mistake about the sale price. It is $1.3 billion, as many of you have found. The mistake has been corrected.

    Thank you,
    Liz Hochstedler
    Associate Editor

    [Reply]

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