NEWS

Russian investment saves MV Agusta

Russian investment company Black Ocean Group bankrolls Italian manufacturer to secure its future.

With a deal completed on 17th November, international investment company Black Ocean Group and MV Agusta have agreed upon a significant capital investment which should bring some stability back to the floundering motorcycle manufacturer after months of speculation and financial problems.

“I am very pleased that we have reached this agreement with Black Ocean.

Beyond the strengthening of our capital, which is important for the future growth of MV AGUSTA, I strongly believe that Mr Sardarov, Mr Ripley and their global team will be able to contribute with their entrepreneurial and managerial skills in the consolidation of MV AGUSTA as a key player in the super premium motorcycle market.” – Giovanni Castiglioni, CEO MV Agusta

Black Ocean is a part of the international holding Ocean Group and was founded by entrepreneurs Oliver Ripley and Timur Saradov. Their interests span across technology investments, private aviation, real estate and some agriculture.

Whilst no details have been revealed, it’s believed that the investment will be significant and timely enough to coincide with an agreed upon restructuring of the MV company.

There has been no clarification as to the role of Mercedes AMG within the new structure.

H/T: Asphalt & Rubber and Inmoto.it

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3 Comments

3 Comments

  1. Avatar

    Ross Thomson

    November 21, 2016 at 09:21

    so all new mv’s will come standard with a blue flashing light ?

  2. Avatar

    Frank Hart

    November 21, 2016 at 10:55

    Said no to the Americans at Polaris and then yes to the Russians?? Ouch.

  3. Avatar

    MotoFire

    November 21, 2016 at 15:39

    It does leave many questions as to the quality of the deal

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