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Eicher goes global: To make binding bid of $1.8 bn for Italy's Ducati

Eicher is currently finalising and structuring terms with global banks

Reuters 

Eicher Motors is set to make a $1.8 billion-$2 billion bid for Italian motorcycle manufacturer Ducati, the Economic Times daily reported on Thursday, sending the shares in the maker of Royal Enfield motorbikes to a record high. Eicher is believed to be the only Asian company left in the auction and is currently finalising terms with advisers ahead of the scheduled bid deadline of end September, the newspaper said, quoting unnamed sources.  German carmaker Volkswagen is considering options for Ducati, including a sale of the brand, wholly controlled by VW's Audi ...

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First Published: Thu, September 07 2017. 16:13 IST
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