MV Agusta is securing some financial stability.
Begin press release:

MV Agusta is announcing a 30M? share capital increase to support its 5-year business plan

aiming at the continuation of the worldwide growth of the Company. Bringing MV Agusta?s net equity to a total of 70M?, the initiative also marks the positive, final and early settlement of all its obligations under the composition with creditors on a going concern basis (?concordato preventivo in continuita? aziendale? in Italian law). An uncommonly positive achievement which was made possible thanks to the relevant support of MV Agusta?s

shareholders.
Since 2019, when the Sardarov family became the sole shareholder of the Company, more than 150M? have been injected into the business to support operations and the investments of the new industrial plan. MV Agusta is now in a very strong position to step-up the execution of its strategic plan, focusing on the development of the new engines and models, the brand?s expansion into new segments, such as adventure, electric recreational and urban mobility, as well as on strengthening its global sales network. The relaunch of a such as historic Italian Company is also having positive effects on the local community, helping to maintain employment levels, and contributing to the Italian economy in general during this 2020 – 2021 difficult period. Timur Sardarov, CEO of MV Agusta Motor S.p.A., said: ?One of my first objectives was to put an end to the financial stress t...