Audi Officially Acquires Ducati
AUDI OFFICIALLY ACQUIRES DUCATI
VW subsidiary Audi has now formally acquired Ducati following the required European Commission regulatory approval. Audi announced its Ducati intentions in April but the formal takeover was subject to anti trust approvals.
Although in this case only a formality, it did mean that Audi could not exert any control over the company until the German company officially acquired the reins. That happened on June 28th.
Ducati had used the impending change of control as an excuse to delay a decision over the execution of their option to retain Nicky Hayden in the Ducati MotoGP team.
The formal legalese is set out below.
After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(b) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/20043
For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation.