Sale of MMC

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Bob Bull
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Location: Luton, Beds.

Sale of MMC

Post by Bob Bull »

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.
Ace Photograp…… you know!
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Mark Shears
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Joined: Mon Oct 30, 2006 6:33 pm
Location: Banbury,Oxfordshire, England

Re: Sale of MMC

Post by Mark Shears »

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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Bob Bull
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Joined: Wed Nov 07, 2007 9:46 am
Location: Luton, Beds.

Re: Sale of MMC

Post by Bob Bull »

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
Ace Photograp…… you know!
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Mark Shears
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Joined: Mon Oct 30, 2006 6:33 pm
Location: Banbury,Oxfordshire, England

Re: Sale of MMC

Post by Mark Shears »

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

Cheers

Mark
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