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Garelli bid for Moto Morini rejected
Paolo Berlusconi, brother of Italys prime minister and owner of Garelli, submitted a bid worth 2.9 million euro in April for the struggling Moto Morini. Berlusconis offer included a three-year plan with provisions for keeping 20 Moto Morini employees and severance pay for the other 37 workers. Berlusconis plan would have also moved production of a Garelli scooter to the Moto Morini factory.
Berlusconi is expected to submit a new offer in the next few weeks.
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