Colnago Is Now Majority-Owned By An Abu Dhabi Investment Fund
May 5, 2020, 9:04 a.m.
by jrobinson
on
Cyclist
Joe Robinson 5 May 2020 Ernesto Colnago has sold majority shares to Chimera Investments LLC Legendary bike maker Ernesto Colnago has sold a majority share of his bike company to an Abu Dhabi investment fund. The Italian bike brand confirmed that Chimera Investments LLC, based in Abu Dhabi, had acquired a majority stake in the company. In a press release, 88-year-old Ernesto said that, 'Chimera investments will give Colnago the ability to grow and increase its presence in all markets, whilst maintaining and improving the quality of Colnago products.' He continued by stating that this new opportunity under new ownership 'will ensure that we continue to build the world's best bikes well into the future'. See related Now is the time to enable active travel, not just encourage it Classic bikes: A tour of Colnago's Italian factory Colnago V3Rs review Nike releases first indoor cycling-specific shoes Established in 1954 just ...
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