http://thekneeslider.com/archives/2010/08/06/harley-davidson-completes-sale-of-mv-agusta/
MILWAUKEE, Aug. 6, 2010 -- Harley-Davidson, Inc. (NYSE: HOG) has
concluded the sale of its subsidiary, MV Agusta, to Claudio Castiglioni
and his wholly owned holding company, MV Agusta Motor Holding, S.r.l.,
effective today. Castiglioni is the former owner of the Italian
motorcycle maker and has served as MV Agusta's chairman since 2008, when
Harley-Davidson acquired the company.
In October 2009, Harley-Davidson announced its intention to sell MV
Agusta as part of a new corporate strategy to focus resources on the
Harley-Davidson brand. Since then, Harley-Davidson has held discussions
with various potential MV Agusta buyers.
"MV Agusta is a proud brand and we wish Mr. Castiglioni and the
company's employees well," said Harley-Davidson President and Chief
Executive Officer Keith Wandell. "Our decision to divest MV Agusta
reflects our strategy to focus our efforts and our investment on the
Harley-Davidson brand, as we believe this provides an optimal path to
long-term growth."
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