Black Ocean saves MV Agusta with capital increase deal

Black Ocean saves MV Agusta with capital increase deal

The international investment company Black Ocean Group and MV Agusta Holding, major shareholder of MV Agusta Motor Spa, has signed binding agreements for a capital increase in MV Agusta just few days ago. The main aim of the agreement is to consolidate its leadership in the production of high end motorcycles under the MV Agusta brand.

“We are very pleased to become part of such an iconic Italian company and excited by the opportunity to build this into a truly international brand and industry leader,” commented Oliver Ripley who is the current CEO of Black Ocean.

In accordance to that, Giovanni Castiglioni, Ceo of MV Agusta said that “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.”

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