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Sale of MMC

Posted: Thu Mar 07, 2019 11:19 am
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.

Re: Sale of MMC

Posted: Fri Mar 08, 2019 5:54 pm
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

Re: Sale of MMC

Posted: Sat Mar 09, 2019 9:08 am
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

Re: Sale of MMC

Posted: Mon Mar 11, 2019 11:24 am
by Mark Shears
Yes Bob - look forward to seeing you there...

Cheers

Mark