Harley-Davidson, Inc. Selects Investment Banking Firm to Assist in Sale of MV Agusta
19 November 2009 - 3:45PM
PR Newswire (US)
BNP Paribas in Milan Will Help Harley-Davidson Move Sale Process
Forward MILWAUKEE, Nov. 19 /PRNewswire-FirstCall/ --
Harley-Davidson, Inc. (NYSE: HOG) has selected the investment
banking firm, BNP Paribas in Milan, to assist Harley-Davidson in
the sale of MV Agusta. Harley-Davidson is currently identifying
potential buyers for the Italian-based motorcycle company. "MV
Agusta is a highly desirable company for the right buyer," said
Harley-Davidson Senior Vice President and Chief Financial Officer
John Olin. "MV Agusta has a proud heritage and strong brand,
high-quality exciting and beautiful products, and passionate
enthusiasm on the part of its customers, employees and dealers, and
we are confident in our expectation that we will identify an
appropriate buyer." Harley-Davidson announced its plans to divest
MV Agusta in October, as part of its go-forward business strategy
to focus its effort and investment on leveraging the unique
strengths of the Harley-Davidson brand to reach new customers,
strengthen relationships with existing customers, and grow the
Harley-Davidson brand worldwide. While Harley-Davidson intends to
sell MV Agusta, MV Agusta has continued to move forward on the road
to revitalization. Under Harley-Davidson's ownership, MV Agusta has
restored production operations and continues to invest
substantially in product development, as evidenced by the recent
unveiling of the all new Brutale® and F4® models, which generated a
highly enthusiastic response among customers and key trade media at
the Milan show. MV Agusta is also returning to a position of
prominence in the premium performance sport motorcycle category.
Harley-Davidson, Inc. is the parent company for the group of
companies doing business as Harley-Davidson Motor Company (HDMC),
Harley-Davidson Financial Services (HDFS), Buell Motorcycle Company
(Buell), and MV Agusta. DATASOURCE: Harley-Davidson, Inc. CONTACT:
United States, Bob Klein, +1-414-343-4433, , or Amanda Lee,
+1-414-343-7893, , or Investor Relations, Amy Giuffre, +1
414-343-8002, , all of Harley-Davidson; or Giulio Cantarelli,
Corporate and Investment Banking of BNP Paribas - Milan, +39 027247
2449, Web Site: http://www.harley-davidson.com/
Copyright