Business Companies 07 Sep 2017 Eicher set to make $ ...

Eicher set to make $1.8-$2 billion binding bid for Ducati: report

REUTERS
Published Sep 7, 2017, 10:05 am IST
Updated Sep 7, 2017, 10:58 am IST
Company currently finalising and structuring terms with global banks and consulting firms.
India’s Eicher Motors makes Royal Enfield classic motorbikes. (Photo: AFP)
 India’s Eicher Motors makes Royal Enfield classic motorbikes. (Photo: AFP)

Mumbai: 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.

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