News

Colnago Sold to Chimera |

5 May 2020
tfk, the5krunner
2 Comments

FTC: Affiliate Disclosure: All links pay commission

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

 

 

Reader-Powered Content

This content is not sponsored. It’s mostly me behind the labour of love which is this site and I appreciate everyone who follows, subscribes or Buys Me A Coffee ❤️ Alternatively please buy the reviewed product from my partners at their regular price. Thank you! This really is reader-powered content.
FTC: Affiliate Disclosure: All links pay commission. As an Amazon Associate, I earn from qualifying purchases.

Subscribe
Notify of
guest
2 Comments
Inline Feedbacks
View all comments
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….
🙁

Reply
tfk, the5krunner

well….

I guess it depends on what “other country” (sovereign wealth fund) you’d like to own you. UAE, China, wherever. I suspect that ‘power corrupts’ regardless of the ethnicity.

I’m still not fully sold on the illusion that America and GB are two of the wealthiest countries in the world. When I last looked they each had the biggest ever debts in the world of multi-trillion $s each.

Reply