Volkswagen gets 7.5 billion euros offer for Automobili Lamborghini – Autocar

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FILE PHOTO: The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels, Belgium July 9, 2020. REUTERS/Francois Lenoir/File Photo

May 25, 2021

(Reuters) -Volkswagen AG has received an offer of 7.5 billion euros ($9.19 billion) for its supercar brand Lamborghini, Autocar reported on Tuesday, but owner Audi said it was not for sale.

The non-binding offer sets out terms for the purchase of Automobili Lamborghini by Switzerland’s Quantum Group AG, which has formed a consortium with London-based investment firm Centricus Asset Management, according to the Autocar report. (https://bit.ly/3hSmxhW)

Volkswagen said in December that there was agreement in the group that Lamborghini, which has been repeatedly named as a possible divestment, will remain part of Volkswagen.

Asked to comment on the Autocar report, a spokesman for Volkswagen unit Audi, which manages Lamborghini, said: “This is not the subject of any discussion within the group. No, Lamborghini is not for sale.”

Centricus and Quantum Group AG were not immediately available for comment.

($1 = 0.8165 euros)

(Reporting by Ankur Banerjee in Bengaluru, Jan Schwartz, Pamela Barbaglia, John Revill and Christoph Steitz; Editing by Shailesh Kuber and Emma Thomasson)






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