Audi to pay $1.12 billion for Ducati, including debt
Audi has agreed to buy Ducati from owners Investindustrial for about 860 million euros ($1.12 billion) including debt, sources familiar with the companies told news-agencies on Tuesday. The iconic Bolognese manufacturer’s total liabilities are less than 200 million euros according to Investindustrial, and the deal would value Ducati at about seven times last year’s earnings before interest, taxes, depreciation and amortisation, minus debt. Both the companies involved in the deal has declined to release specific details about the deal until the annual VW shareholders’ meeting scheduled for Thursday, 19th April.
Volkswagen Chairman Ferdinand Piech, who turned 75 on Tuesday, has long coveted the brand, publicly expressing interest in buying Ducati four years ago before eventually losing out to Investindustrial. The purchase will now make Ducati the 11th brand in VW’s portfolio, alongside such revered supercar marques as Lamborghini and Bugatti and heavy-duty truck manufacturers Scania AB and MAN SE.
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