Volkswagen Group Gets EUR7.5 Billion Offer for Lamborghini -Autocar
May 25 2021 - 12:05PM
Dow Jones News
--Volkswagen Group has received a letter of intent from Quantum
Group AG for the acquisition of Automobili Lamborghini for 7.5
billion euros ($9.16 billion), British trade magazine Autocar
reports.
--The non-binding offer came in a consortium with investment
firm Centricus Asset Management, while Quantum Group is also
represented in the offer by Rea Stark of Piech Automotive,
according to Autocar.
--Quantum Group said it would retain Lamborghini's management,
ensure jobs for up to five years and create 850 new jobs if the
deal goes through, Autocar reports.
--Volkswagen Group wasn't immediately available for comment.
Full story: https://bit.ly/34gn2u1
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(END) Dow Jones Newswires
May 25, 2021 11:57 ET (15:57 GMT)
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