VOL. 54 ISSUE 6 FEBRUARY 14, 2017 P91
MV Agusta Holdings, which is the
parent company of the business,
of which I was previously the
100% owner.
So does that mean they've
purchased AMG Mercedes-
Benz's 25% equity in MV
Agusta?
No, because AMG's holding
is in MV Agusta Motor, in which
MV Agusta Holdings is the owner
of the other 75% majority share-
holding. The investment that
Black Ocean has made in MV
Agusta Holdings has been fully
used to directly recapitalize MV
Agusta Motor. MV's partnership
with AMG has marketing and
sales cooperation as its basis,
rather than the financial side.
Was it not a condition of
the 15 million euro loan you
obtained two years ago from
a consortium of banks that, in
the event that AMG's share-
holding fell below 20%, this
loan was then repayable in
full, with interest?
That matter was resolved
earlier this year when we began
working on the restructuring
plan. The bank debt has been
renegotiated and rescheduled
along with all the side agree-
ments, so it's no longer a valid
issue. We've already made a new
agreement with the two main
banks, which are supporting us,
Deutsche Bank and Banca Popo-
lare di Milano, and they're fully on
board with the restructuring plan,
as well as the recapitalization
plan via the entry of Black Ocean
into the holding company.
Will either Sardarov or Rip-
ley assume any management
position with MV?
Yes, they'll both be involved
in taking MV Agusta forward,
especially in maximizing the
power of the brand. The fact that
they're both active bike riders is a
key factor—they understand very
well what MV can become, and
"The U.S. market will play
an important role for
MV Agusta in the future."
