EXCLUSIVE: Volkswagen eyes options for motorbike brand Ducati - sources | Reuters

FRANKFURT Volkswagen is considering options for its motorcycle brand Ducati as it seeks to streamline its portfolio, two people familiar with the matter said. Europe's largest carmaker has tasked investment banking boutique Evercore with evaluating possible options including a sale of the thoroughbred brand, which VW unit Audi acquired in 2012, they added

Reuters April 26, 2017 22:15:06 IST
EXCLUSIVE: Volkswagen eyes options for motorbike brand Ducati - sources
| Reuters

EXCLUSIVE Volkswagen eyes options for motorbike brand Ducati  sources
 Reuters

FRANKFURT Volkswagen is considering options for its motorcycle brand Ducati as it seeks to streamline its portfolio, two people familiar with the matter said.

Europe's largest carmaker has tasked investment banking boutique Evercore with evaluating possible options including a sale of the thoroughbred brand, which VW unit Audi acquired in 2012, they added.

While Volkswagen has started reaching out to potential buyers to sound out their interest, no decision has been taken on whether the firm will be divested, they added.

Audi and Evercore declined to comment. (Reporting by Arno Schuetze; Editing by Maria Sheahan)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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