MILAN (Reuters) - Shares in Pininfarina are suspended from trading pending a statement, the Italian stock exchange said on Monday after sources told Reuters Mahindra & Mahindra was close to signing a deal to buy the Italian car designer.
As part of the agreement, Mahindra will inject about 150 million euros ($165 million) in the business to refinance its debt and provide fresh capital for investments, one of the sources said on Friday.
Milan-listed Pininfarina has designed cars for Ferrari, Maserati, Rolls-Royce and Cadillac.
(Reporting by Silvia Aloisi, editing by Valentina Za)
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