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Report: India’s Eicher Motors Readies Binding Bid for Ducati
Eicher Motors Ltd., the Indian maker of classic Royal Enfield motorcycles, intends to make a binding offer to acquire superbike maker Ducati Motor Holding SpA for $1.8 billion-$2 billion, sources tell the Economic Times.
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Eicher Motors Ltd., the Indian maker of classic Royal Enfield motorcycles, intends to make a binding offer to acquire superbike maker Ducati Motor Holding SpA for $1.8 billion-$2 billion, sources tell the Economic Times.
Ducati, which was acquired five years ago by Volkswagen AG, has been on the market since April. Reuters has reported that as many as five companies may submit bids. The offers are due by the end of September.
ET says Eicher is finalizing a financial package for its bid. The company is believed to be the only Asian contender. But a Reuters report earlier this week said internal debate has prompted VW to suspend the sales process.
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