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Piaggio Aims for Aprilia Takeover

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MILAN, Italy (may 25) – Piaggio seems to be the principal candidate for a take over of ailing Aprilia. Aprilia currently has a € 190 million debt, which has led to the production being ceased a while back. Now that a consortium of banks has provided the company with some € 30 million, as a […]

MILAN, Italy (may 25) – Piaggio seems to be the principal candidate for a take over of ailing Aprilia. Aprilia currently has a € 190 million debt, which has led to the production being ceased a while back. Now that a consortium of banks has provided the company with some € 30 million, as a tie-over credit, production has been resumed. A takeover by Piaggio would be the most logical and desirable choice: Aprilia has a debt at Piaggio of € 110 million…also the Aprilia brand would be a welcome addition to the Piaggio group.(MH)

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