(Reuters) -Harley Davidson has had conversations with Pacific Investment Management Co and KKR & Co. To sell a stake in the financing unit and the current motorcycle loans in a deal worth $ 5 billion.
The shares of the company increased by 1.9 % in the extended trade.
The report said that the talks are continuing, and a deal may be announced within weeks, while the details and their size may change, citing people familiar with the matter.
Reuters could not immediately verify the report. KKR and Pimco refused to comment, while Harley-Davidson did not immediately respond to Reuters request for comment.
Harley-Davidson Financial Services, which helps traders finance their investment and provides retail loans, constituted primarily to buy Harleydavidson and LiveWire Motorcycles, 20 % of the company’s revenue in 2024.
The Harley-Davidson’s financing unit was offered for sale earlier this year, according to the report, as the motorcycle maker struggles with poor sales. The company, which warned of success in its entire general results, is scheduled to be established by the customs tariff and suspended its forecast for 2025, to report the results of the second quarter on July 30.
(Participated in the reports of the Tebethti Inch in Bangaluru; Liberation by Leroy Liu)
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