Shareholders Approve Ducati Merger

admin
The plan for the merger by absorption of Ducati Motor Holding S.p.A. into Performance Motorcycles S.p.A. won approval from shareholders of both companies at meetings held Oct. 20.

Performance Motorcycles S.p.A. is an investment vehicle formed in April by three of the OEM's main shareholders. In May, at the time of the initial formal offer, Performance held a percentage of Ducati’s share capital equal to about 29.9 percent; in June, Performance’s share reached about 84.7 percent; and in August it reached 92.75 percent.

The merger will cause Ducati’s delisting from stock exchanges.