Black Ocean investment group to save MV Agusta
Details are not yet out, but with agreement between MV Agusta and Black Ocean group,
it seems MV Agusta’s assembly line is back in motion and the development of new models restart.
“I am very pleased that we have reached this agreement with Black Ocean,” said MV Agusta’s Giovanni Castiglioni. “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.”
From Russia with Love, MV Agusta Finds New Money
Last week, I was ready to start polishing the obituary for MV Agusta – the Italian company seemingly in an impossiblyﾂterminal state. Italy’s Guardia di Finanza had found that the Italian company had been using the social security contributions o...www.asphaltandrubber.com