ITALY - Investindustrial gears up for Ducati P2P
It is understood that Investindustrial is preparing to delist Ducati, of which it acquired 29% stake in late 2005.
The deal would to tap into current drops in the value of shares. Gabriele del Torchio, who leads the motorbike company, has presented a new strategy extending to 2010 projecting profits growth of up to EUR 500m and a 20% EBITDA.
The next days should also see residual tender offers for engineering and telecommunications Sirti by Viit, a vehicle participated by Euraleo, Clessidra, Investindustrial and 21 Partners, in order to reach the 95% stake necessary to delist the company.
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