According to an article by Italian cycling website Tuttibiciweb.it, Chimera Investments LLC, an Abu Dhabi investment fund, has acquired a majority of the shares in the prestigious Italian racing bicycle manufacturer, Colnago.

Founded in 1954 by Mr. Ernesto Colnago, the company is famous for the high quality of its products, its innovations in design technologies, and its many victories, including World Championships, Olympic Games, Tour de France, Giro d'Italia, Paris- Roubaix, etc.

Ernesto Colnago declared: “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. We have a unique opportunity with the support of Chimera to ensure that we continue to build the world's best bikes well into the future.”

A Chimera Investments representative added, “From all the Fans of Colnago, we would like to thank the master of the design and invention of great bikes Ernesto Colnago, and we would like to follow his path and move forward in his legacy bringing Colnago to a bright future as no one else would. Mister Colnago will always be the Godfather and the guiding force of the new developments.”