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India's Eicher set to make $1.8 billion-$2 billion binding bid for Ducati: paper

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FILE PHOTO: The logo of Italian motorcycle manufacturer Ducati is seen in Dietlikon, Switzerland October 11, 2016.

India’s Eicher Motors Ltd, maker of Royal Enfield classic motorbikes, is set to make a binding takeover bid for Italian motorcycle manufacturer Ducati for $1.8 billion-$2 billion, the Economic Times daily reported on Thursday.

Eicher is currently finalizing and structuring terms with global banks and consulting companies ahead of a bid deadline at the end of the month, the paper said, quoting unnamed sources.

Sources told Reuters in June that U.S. motorcycle maker Harley-Davidson and India’s Bajaj Auto Ltd were among companies preparing bids for Ducati, which is being put up for sale by German carmaker Volkswagen.

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Muslim Global: India's Eicher set to make $1.8 billion-$2 billion binding bid for Ducati: paper
India's Eicher set to make $1.8 billion-$2 billion binding bid for Ducati: paper
India’s Eicher Motors Ltd, maker of Royal Enfield classic motorbikes, is set to make a binding takeover bid for Italian motorcycle manufacturer Ducati for $1.8 billion-$2 billion, the Economic Times daily reported on Thursday.
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