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5/25, 4:12 PM (Source: TeleTrader)
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Quantum Group offers VW €7.5B for Lamborghini - report

Zurich-based holding company Quantum Group AG sent Volkswagen Group a non-binding offer to buy its Lamborghini brand for €7.5 billion, Autocar reported on Tuesday.

According to the report, Quantum Group is represented in the acquisition offer by Rea Stark, a co-founder of Piech Automotive. The holding company also offered Volkswagen a strategic partnership for the future operations of the Italian luxury brand, including a five-year supplier agreement with Audi.

Lamborghini has been owned by Volkswagen subsidiary Audi since 1999.

Breaking the News / NP