Italian bike manufacturer COLNAGO has been sold to UAE-based Chimera Investments LLC or, at least, the latter has acquired a controlling stake.
Expect to see many more of these kinds of investments; there is a lot of cash washing around the financial system at the moment looking for a home as potentially distressed companies seek to welcome it.
Source: tuttobibiweb.it
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You’re great at finding info!
Not a good thing this….. such a pity that a very long established brand cannot survive a bad period… (if that’s a factor)
Maybe Saoudi’s offered an immense amount of money?
Mostly this kind of businesses sell as easy as they bought.
At least they’re not Chinese….
🙁
well….
I guess it depends on what “other country” (sovereign wealth fund) you’d like to own you. UAE, China, wherever. I suspect that ‘power corrupts’ regardless of the ethnicity.
I’m still not fully sold on the illusion that America and GB are two of the wealthiest countries in the world. When I last looked they each had the biggest ever debts in the world of multi-trillion $s each.