A bit of a housekeeping item, but today it was announced that MV Holding has completed the acquisition of the shares that were previously held by Mercedes AMG, thus effectively removing the German brand from the Italian motorcycle company’s business operations.
This means that MV Agusta is now solely controlled by Giovanni Castiglioni and the Sardarov family, though today’s news is likely due to investments by the latter, into the struggling motorcycle brand.
For fans of the MV Agusta brand, this surely is the start of a new chapter for this mercurial motorcycle marque.
In case you haven’t been keeping track, the ownership structure for MV Agusta is very complex, and it involves several layers of ownership.
MV Agusta Motor S.p.A. is the company that makes the iconic and beautiful motorcycles that many of you lust over, which is separate on a corporate level from the Castiglioni Research Center (CRC) design studio and the MV Agusta Reparto Corse racing division.
Before today’s news, MV Agusta Motor S.p.A was owned jointly by MV Agusta Holding Company and Mercedes AMG, with the MV Agusta Holding company being co-owned by ComSar Invest and GC Holding.
ComSar Invest is an investment fund that is backed by the Black Ocean Group, which is the Russian investing arm for the Sardarov family. Similarly, GC Holding is a Giovanni Castiglioni’s business entity for controlling and investing in MV Agusta.
After today’s news, MV Agusta Motor S.p.A is 100% owned by the MV Agusta Holding Company, though the ownership mix within that business entity is unknown, and likely favors a strong Russian presence.
MV Agusta says that the company can now focus on growing its future, which includes a new four-cylinder platform.
Source: MV Agusta