AUTJANN SRL ANNOUNCES THE SALE OF 100% OF THE MOTO MORINI SRL SHARE CAPITAL TO ZHONGNENG VEHICLE GROUP CO., LTD.
Autjann is the Jannuzzelli holding company, which invests in Italian company businesses which have a brand or a typical product, with the aim of creating and adding value for them, also often thanks to a hands-on managerial style.
Mr. Ruggeromassimo Jannuzzelli, the shareholder’s representative and
outgoing Moto Morini President declares to have received with the Zhongneng Vehicle Group’s offer an excellent opportunity for the future of the company and the historical Italian brand.
“After 2015 in which my family, through Autjann, became the owner of 100% of the company’s share capital upon the company’s relocation to the province of Pavia just outside Milan, a pathway firstly began to develop the motorcycles to adhere to the Euro4 norm, immediately after that of the creation of new models suitable for the current market, from here came about the Corsaro ZZ, the Corsaro ZT, the Milano and the new Scrambler. Besides this activity, for 3 years we have been working to create brand and product value to position them at the high end of the market for quality, construction technique and prestige.
Now we are harvesting the fruits of this work, handing over to a private Chinese industrial group which is already present with its products in Europe and worldwide.
Mr. Chen, the President of Zhongneng Vehicle Group, has great plans to increase the company’s business, which will remain on Italian soil, plans which regard both existing products and new models, also with different engine sizes. We are certain to entrust Moto Morini, its staff, its suppliers and its loyal customers to an important industrial realty which will improve the company growth.”