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TPG/Ducati Sale Rumors Continue
by dean adams
Wednesday, August 21, 2002

Bloomberg.com now reports that the newspaper Borsa & Finanza is reporting that TPG, owner of much of Ducati, is "looking to sell its 33.5% stake in Ducati" and ... "has already given an investment bank an exploratory mandate".

TPG is allegedly getting out because "(Ducati's) second-quarter profit fell 70 percent as it spent money to reorganize its U.S. business and the dollar weakened".

Probably a larger factor: TPG wants to invest $200 million in bankrupt US Air when the the airline emerges from bankruptcy.

Read the full (Bloomberg) story here.

ENDS

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