Mercedes-AMG sells its 25% stake in MV Agusta, bought by a Russian company

Giovanni Castiglioni, the current owner of MV Agusta, will maintain a controlling interest in the company

By: | Published: July 27, 2017 5:38 PM

Mercedes-Benz's performance division AMG no longer holds a stake in the Italian motorcycle manufacturer MV Agusta. The German brand's 25% stake has been sold after three years. MV Agusta has confirmed that AMG's 25% stake has been bought by ComSar Invest, which is owned by Russian oil and gas magnate Timur Sardarov. The Russian company has promised continued investment in MV Agusta's sales and service network, technology fields and marketing so as to increase the Italian manufacturer's presence in various markets. Giovanni Castiglioni, the current owner of MV Agusta, will maintain a controlling interest in the company. Mercedes-AMG purchased the 25% stake in MV Agusta in 2014 reportedly for around EUR30 million, around two years after Ducati was bought by Audi.

The company says that AMG selling off its stake and the cash inflow from the Russian brand is “another important element to the company’s deep turnaround plan started in 2016, based on the repositioning of the MV Agusta as a prime producer of super premium motorcycles”.

The high-end motorcycle manufacturer has hailed this new development. “Our main objective is the reinforcement of MV Agusta core business: the production of high-performance, high-end motorcycles,” company president Giovanni Castiglioni said.

MV Agusta officially came to India in collaboration with the Kinetic Group. While it already had several models on sale in India, including the Brutale 1090, F3, F4, the brand recently launched the Brutale 800 in India at a price of Rs 15.59 lakh.

Read full story here: 2017 MV Agusta Brutale 800 launched in India at Rs 15.59 lakh

The Brutale 800 is powered by a 796cc inline, three-cylinder engine with a counter-rotating shaft. This unit delivers 109 hp of maximum power at 11,500 rpm and 83 Nm of peak torque at 7,600 rpm and is paired to a 6-speed transmission. The new Brutale 800 also gets EAS (Electronically Assisted Shift) 2.0 for clutchless gear shifts and a hydraulic slipper clutch along with an integrated multi-map Ride-by-wire system and different riding modes.

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