Bike Europe
Bike Europe
It is said that the Hero Cycles purchase has the backing of several German banks – including Deutsche Bank and Commerzbank – which hold both secured and unsecured MIFA debt. – Photo Hero Cycles

MIFA Sale Gaining Pace

SANGERHAUSEN, Germany – The sale of troubled German bike-maker MIFA Mitteldeutsche Fahrradwerke AG to India’s Hero Cycles looks likely to happen...