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View Full Version : Piaggio on track for Aprilia deal



Bob
29th September 2004, 00:03
Piaggio is on track to buy Aprilia after reaching a preliminary agreement with Aprilia's major creditor banks.

Takeover guru Roberto Colaninno, who owns Piaggio met with the three main creditors, who account for 50% of the approximate 210 million Euro debt. The main creditors now have to present the plan to the other banks (about a dozen) for agreement.

Colaninno said he hoped to close the deal by the end of October.