Transactions with subsidiaries

The main relations with subsidiaries, eliminated in the consolidation process, refer to the following transactions:

Piaggio & C. S.p.A.

  • sells vehicles, spare parts and accessories to sell on respective markets, to:
    • Piaggio Hrtvaska
    • Piaggio Hellas
    • Piaggio Group Americas
    • Piaggio Vietnam
  • sells components to:
    • Piaggio Vehicles Private Limited
    • Piaggio Vietnam
  • grants licences for rights to use the brand and technological know how to:
    • Piaggio Vehicles Private Limited
    • Piaggio Vietnam
  • provides support services for scooter and engine industrialisation to:
    • Piaggio Vehicles Private Limited
    • Piaggio Vietnam
  • provides support services for staff functions of other Group companies
  • issues guarantees for the Group's subsidiaries, for medium-term loans.

Piaggio Vietnam sells vehicles, spare parts and accessories, which it has manufactured in some cases, for sale on respective markets, to:

  • Piaggio Indonesia
  • Piaggio Group Japan
  • Piaggio & C. S.p.A.  

Piaggio Vehicles Private Limited sells vehicles, spare parts and accessories, for sale on respective markets, and components and engines to use in manufacturing, to Piaggio & C. S.p.A..

Piaggio Vespa provides

  • back office business and administration services as well as credit management services for Piaggio & C. S.p.A.

Piaggio Hrtvaska, Piaggio Hellas, Piaggio Group Americas and Piaggio Vietnam

  • distribute vehicles, spare parts and accessories purchased by Piaggio & C. on their respective markets.

Piaggio Indonesia and Piaggio Group Japan

  • provide a vehicle, spare part and accessory distribution service to Piaggio Vietnam for their respective markets.

Piaggio France, Piaggio Deutschland, Piaggio Limited, Piaggio Espana and Piaggio Vespa

  • provide a sales promotion service and after-sales services to Piaggio & C. S.p.A. for their respective markets.

Piaggio Asia Pacific

  • provides a sales promotion service and after-sales services to Piaggio Vietnam in the Asia Pacific region.

Foshan Piaggio Vehicles Technologies R&D provides to:

  • Piaggio & C. S.p.a.:
    • a component and vehicle design/development service;
    • scouting of local suppliers;
  • Piaggio Vietnam:
    • scouting of local suppliers;

Aprilia Racing provides

  • a racing team management service;
  • a vehicle design service for Piaggio & C. S.p.a.

Atlantic 12

  • rents a property to Piaggio & C. S.p.a.

Investments of members of the board of directors and members of the control committee

Members of the board of directors and members of the control committee of the Issuer do not hold shares in the Issuer.