Hero MotoCorp is surely on steroids these days. Recently, we reported
in detail about the Indian motorcycle and scooter manufacturer’s newly
formed association with Erik Buell racing. Now, it is being said that
the popular 2 wheeler manufacturer is in talks with several banks on
raising funds. Now, you will ask why does the manufacturer need some
vitamin M? Hold your breath folks, for the news of Hero thinking of
acquiring the Italian motorcycle maker Ducati is surely surprising for
everyone.
”Lots of bankers have been coming to us over Ducati,” Pawan
Kant Munjal, MD, Hero MotoCorp, said in an interview yesterday. It may
be noted that private equity firm Investindustrial Holdings SpA, wants
to sell Ducati, and expects €1 billion ($1.32 billion) or three times
its initial investment. “It is an excellent fit — Ducati is a big brand and has a lot of technology; Hero is looking to be a serious global player,” said Deepesh Rathore, managing director of IHS Automotive in India.
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