wkid_one
1st November 2003, 15:07
Claudio Castiglioni, sole shareholder of the MV Agusta Group, has been visiting Malaysia to explore business opportunities. On this trip a meeting was set up with representatives of the government and industries of Malaysia. During the meetings the Malaysians showed an interest in the technical, productive and heritage of the MV Agusta Group and what has happened in regards to the relaunch of activities.
The Proton Group is the Malaysian leader in vehicle production and is interested in also producing vehicles in Europe, where it already retains the 'Lotus' trademark. During the meetings agreements were reached in regards to possible cooperation between the groups.
A letter of intent has been undersigned by Claudio Castiglioni and Tengku Tan Sri Mahaleel Ariff, CEO of Proton Group, as the presence of Menteri Datuk Seri Dr. Mahathire Mohamad, Malaysian Prime Minister, in order to examine closely a wide cooperation between the two bodies. It is well known that MV Agusta is currently under 'Controlled Administration', and with the supervision of the Court of Varese and with the support of Banca Intesa, its production activities are completely recovering and gaining a remarkable success internationally for the models currently on the market.
During the conversations the idea of the participation of Proton has been preliminarily examined, through an increase in the share capital reserved for a consistent portion.
An agreement has been reached on the opportunity to accomplish in the shortest possible time all necessary close examinations: should these give positive results for both parties, the possible agreement will be screened and approved by the institutional and controlling bodies.
Claudio Castiglioni has declared: "I am really satisfied of the interest I have noticed for the effort we are making, also thanks to the help of Banca Intesa, to finally get out of the current situation and for a further relaunch of our activities. We are cheered by the recovery at full capacity of our activities and by the exceptional popularity shown on the markets with regard to our products and particularly with reference to the new Brutale model, MV F4 1000S and the new Husqvarna models. I wish to be able to reach and industrial and stock agreement giving more strength to our projects."
From www.mcnews.com.au
The Proton Group is the Malaysian leader in vehicle production and is interested in also producing vehicles in Europe, where it already retains the 'Lotus' trademark. During the meetings agreements were reached in regards to possible cooperation between the groups.
A letter of intent has been undersigned by Claudio Castiglioni and Tengku Tan Sri Mahaleel Ariff, CEO of Proton Group, as the presence of Menteri Datuk Seri Dr. Mahathire Mohamad, Malaysian Prime Minister, in order to examine closely a wide cooperation between the two bodies. It is well known that MV Agusta is currently under 'Controlled Administration', and with the supervision of the Court of Varese and with the support of Banca Intesa, its production activities are completely recovering and gaining a remarkable success internationally for the models currently on the market.
During the conversations the idea of the participation of Proton has been preliminarily examined, through an increase in the share capital reserved for a consistent portion.
An agreement has been reached on the opportunity to accomplish in the shortest possible time all necessary close examinations: should these give positive results for both parties, the possible agreement will be screened and approved by the institutional and controlling bodies.
Claudio Castiglioni has declared: "I am really satisfied of the interest I have noticed for the effort we are making, also thanks to the help of Banca Intesa, to finally get out of the current situation and for a further relaunch of our activities. We are cheered by the recovery at full capacity of our activities and by the exceptional popularity shown on the markets with regard to our products and particularly with reference to the new Brutale model, MV F4 1000S and the new Husqvarna models. I wish to be able to reach and industrial and stock agreement giving more strength to our projects."
From www.mcnews.com.au