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India's Eicher set to make $1.8 bln-$2 bln binding bid for Ducati - paper
September 7, 2017 / 3:46 AM / 16 days ago

India's Eicher set to make $1.8 bln-$2 bln binding bid for Ducati - paper

Sept 7 (Reuters) - India’s Eicher Motors Ltd, maker of Royal Enfield classic motorbikes, is set to make a binding takeover bid for Italian motorcyle manufacturer Ducati for $1.8 billion-$2 billion, the Economic Times daily reported on Thursday.

Eicher is currently finalising and structuring terms with global banks and consulting companies ahead of a bid deadline at the end of the month, the paper said, quoting unnamed sources. (bit.ly/2eHOiI5)

Sources told Reuters in June that U.S. motorcycle maker Harley-Davidson and India’s Bajaj Auto Ltd were among companies preparing bids for Ducati, which is being put up for sale by German carmaker Volkswagen. (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Clara Ferreira Marques)

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