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Daimler to buy 25% stake in Italy's MV Agusta

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Published Fri, Oct 31, 2014 · 11:28 AM

    [FRANKFURT] German cars and trucks maker Daimler on Friday said it will buy a 25 per cent stake in Italian motorcycle manufacturer MV Agusta as part of a long-term cooperation deal.

    Daimler said it will buy the stake via its AMG performance cars unit and take a seat on the board of directors at MV Agusta.

    Daimler did not disclose the financial terms of the deal.

    DaimlerMercedes-BenzMotoring

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