Some people won’t take no for an answer. Switzerland’s Quantum Group is not backing down from its intent to purchase Lamborghini from the Volkswagen Group, even after the German giant firmly said ” “Lamborghini is […]
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The offer has been increased.
It was revealed last week that a Swiss holding company called Quantum Group AG offered to buy Lamborghini from the Volkswagen Group, where it s officially controlled by Audi, for over $9.1 billion. The German automaker immediately rejected the offer, stating the Italian supercar company was not for sale despite rumors to the contrary last year. Within just a couple of days of VW s announcement, the Quantum Group s two founding partners, Rei Stark and Toni Piech, the great-grandson of Ferdinand Porsche and son of former VW Chairman Ferdinand Piech, reiterated their offer is serious want to proceed. Again, VW turned them down. They re not giving up.
Details of the proposal are here.
In somewhat unexpected news earlier this week, the Volkswagen Group received a $9.19 billion offer to buy Lamborghini from Swiss holding company Quantum Group AG. The German automaker quickly turned down the offer by making it very clear Lamborghini was not for sale. Speculation about the Italian supercar company s sale or IPO has been around for months, but VW s final decision is just that - final. Or is it?
Following VW s rejection, Reuters reports that the Quantum Group announced that its proposed acquisition would deliver attractive value to all shareholders and… would clearly be a key strategic benefit to the wider Volkswagen Group. In other words, it s trying to tell VW it s in its best interest to cut a deal.
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