Colnago Sold to Chimera |

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Image Source: Colnago.com

Italian bike manufacturer COLNAGO has been sold to UAE-based Chimera Investments LLC or, at least, the latter has acquired a controlling stake.

Expect to see many more of these kinds of investments; there is a lot of cash washing around the financial system at the moment looking for a home as potentially distressed companies seek to welcome it.

 

Source: tuttobibiweb.it

 

 

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Raul Veldhuizen

You’re great at finding info!
Not a good thing this….. such a pity that a very long established brand cannot survive a bad period… (if that’s a factor)
Maybe Saoudi’s offered an immense amount of money?
Mostly this kind of businesses sell as easy as they bought.
At least they’re not Chinese….
🙁