Sale of MMC

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Sale of MMC

Postby Bob Bull » Thu Mar 07, 2019 11:19 am

A controlling interest in the Morgan Motor Company has been acquired by an Italian company, Investindustrial with Morgan family retaining a small share. Investindustrial owns a number of brands which, it sells on over the course of time it sold Ducati to Audi. This does not bode well for the long term future of the marque if sold on to some other manufacturer, I suspect.
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Re: Sale of MMC

Postby Mark Shears » Fri Mar 08, 2019 5:54 pm

Hi Bob,

Yes you are right - that is what private equity firms do.

The slippery slope indeed.

Talking of Morgans for sale - did your friend get in touch with the vendors of the ex: Kremers,Phillips Plus 4?

I understand it is only slightly cheaper than buying the whole company - and in euros too!

Cheers

Mark
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Re: Sale of MMC

Postby Bob Bull » Sat Mar 09, 2019 9:08 am

Mark,
At the moment I do not see any further movement on the Mog, as the guy has just bought two Porsche! I have sent on your offer of help, and will let you know if anything comes up.

See you at Spring Start?

Bob
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Re: Sale of MMC

Postby Mark Shears » Mon Mar 11, 2019 11:24 am

Yes Bob - look forward to seeing you there...

Cheers

Mark
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