Wednesday, 28th December 2005
Proton Holdings has sold it’s 58% stake in MV Agusta Spa to an Italian company Gevi Spa for a token sum of 1 Euro (RM4.48). Gevi Spa will assume MV Agusta’s debts and working capital requirements totalling 139.44 million euros. According to Proton, it was part of it’s non-core asset divesting exercise. Proton originally acquired MV Agusta Spa a year ago, on 7 July 2004, for 70 million Euro (RM364 million).
Malaysia, Truly Asia