A number of companies are, according to an Autoblog report, vying to take control of Ducati from the Volkswagen Group. Currently valued at $1.2 billion, the Italian motorcycle brand has remarkable heritage in the industry and is controlled by Audi.
However, the world’s largest automaker intends on selling Ducati in the midst of a radical strategic overhaul in the wake of 2015 diesel emissions cheating scandal.
Reuters reports that one bid has been received by the investment company of Italy’s Benetton family, Edizione Holding. Additionally, sources close to the sale say that U.S.-based buyout fund Bain Capital, owner of two Indian motorbike companies, has made a bid for the Italian motorcycle manufacturer.
Private equity funds including Investindustrial, Advent, PAI and CVC Capital Partners are also eager to snap up the company, while both Harley-Davidson and China’s Loncin Motor have expressed interest in the sale, but haven’t submitted bids.
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