WASHINGTON - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Private equity owner looking to sell Ducati: FT
LONDON (Reuters) - The Italian private-equity owner of Ducati is looking to sell the motorbike brand for up to 1 billion euros ($1.32 billion), three times its initial investment, the Financial Times reported on Monday.
Investindustrial, which is backed by the Bonomi family, had sounded out a Hong Kong public listing for Ducati in 2011 but a sale to a rival or large car group was more likely now, the FT said.
People close to the situation told the paper that possible buyers could include Indian motorcycle group Mahindra (MAHM.NS), as well as Volkswagen (VOWG_p.DE) and BMW (BMWG.DE).
"Ducati is now a perfect company but the further growth it requires needs the support of a world-class industrial partner," Investindustrial's chairman Andrea Bonomi told the paper.
"This year, we will work towards that partner."
In November, Ducati chief executive Gabriele Del Torchio said the motorbike maker had raised its share of the markets where it operates around the world to 10.7 percent, up from 8.5 percent in 2010.
A spokesman for BMW said the motorcycle manufacturer best known for its R 1200 GS Adventure enduro and the S 1000 RR supersports bike was not interested in a purchase of Ducati.
Volkswagen declined to comment. VW Chairman Ferdinand Piech, who said he drives Ducatis himself, admitted a few years ago that he regretted not having acquired the brand back then when Ducati could have been bought "for peanuts." ($1 = 0.7582 euros)
(Reporting By Drazen Jorgic, additional reporting by Christiaan Hetzner in Frankfurt; Editing by John Mair and Helen Massy-Beresford)
- Tweet this
- Share this
- Digg this