Aprilia signs Piaggio deal

Aprilia is reported as having signed a preliminary agreement opening the way for Piaggio to buy up the company.

The agreement is expected to be finalised by September 30.

A report on Italian news site AGI Online says the deal includes Piaggio agreeing to increase Aprilia’s capital by 50 million Euro (around £33.5 million), to clear Aprilia’s debts.

More on this story as it emerges.

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