Exclusive: VW Group receives € 7.5 billion offer for Lamborghini Car News

Volkswagen Group has received € 7.5bn (£ 6.49bn) offer for Automobili Lamborghini, Autocar can reveal exclusively.

The non-binding offer, made in a letter of intent sent to the Volkswagen Group earlier this month, sets out the terms and conditions for the purchase of Automobili Lamborghini by Quantum Group AG.

The new Zurich-based holding company has formed a consortium with London-based investment firm Centricus Asset Management with the aim of creating what it describes as a “technology and lifestyle investment platform” under the working title Outlook 2030.

Quantum Group AG is represented in the offer to acquire Lamborghini by Rea Stark, co-founder of Piech Automotive, the Zurich company behind the Piëch Mark Zero GT revealed at the 2019 Geneva Motor Show.

Among the leaders of Piëch Automotive are also Anton Piëch, son of the former chairman of the Volkswagen group, Ferdinand Piëch, and the former CEO of Porsche Matthias Müller. However, it is not known at this stage whether they are involved in the takeover bid.

The acquisition of Automobili Lamborghini, including its legendary manufacturing headquarters of Sant’Agata in Italy as well as its motorsport business, would be at the heart of the investment interests of Quantum Group AG, which is looking to discuss with the Volkswagen Group. as a formal step towards performing initial due diligence on the business.

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Volkswagen Group chairman Herbert Diess and Audi chairman Markus Duesmann are said to be aware of Lamborghini’s takeover offer, including a copy – along with other confidential documents, including a so-called ‘ “ vision book ” describing the key elements of the purchase proposal. – was obtained by Autocar.

Automobili Lamborghini is controlled by Audi belonging to the Volkswagen group. Founded by Ferruccio Lamborghini in 1963, its current models include the Huracán, Aventador and Urus – all of which rely heavily on components from the Volkswagen Group.

As part of the vision defined by Quantum Group AG, the Lamborghini brand would become a “spearhead of innovation by constantly implementing new clean transmission technologies”.

Along with the planned acquisition of Automobili Lamborghini, the letter of intent sets out the conditions for a strategic partnership between Quantum Group AG and the Volkswagen Group for the future operations of the 58-year-old Italian supercar maker, including a five-year supplier agreement. with Audi at what is described as “at arm’s length”.

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This notice was published: 2021-05-25 13:00:00