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

[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.