REPORT: Pininfarina family to sell majority stake in business, possibly to Tata

[Giannis]

REPORT: Pininfarina family to sell majority stake in business, possibly to Tata

Due principally to debt, the family owners of Pininfarina S.p.A. have contracted with Italy's Banca Leonardo to help them sell 50.7 percent of their stake in the design/contract manufacturing business. Said a source, "It is a commitment [the Pininfarina family] made with the banks. The family has no intention of leaving completely." Sure, but who will buy controlling interest of such a storied company? Have you met our Indian friend Tata?

That's right, rumors are swirling that Indian giant Tata, new owner of both Jaguar and Land Rover, is reportedly in the hunt to purchase the Pininfarina family's shares. However, the reports are painting the pending deal as a partnership rather than a takeover and Tata already has dealings with Fiat, so they're familiar with the Italian way of doing things. For its part, Pininfarina is working on an electric car (hey, why not?) with French entrepreneur Vincent Bollore. They also have contracts with both Ford and Volvo to build cabriolets of the Focus Coupe-Cabriolet and the C70, respectively. We'll see how this all plays out, especially now that Fiat owns Bertone.

Source: Autoblog

 

[Gullwing]

50.7% why not 49.7%

 

[NarutoRamen]

I think this has been in the headlines before, of course, back then it seemed Ratan Tata was interested in Ferrari because of being on the board of Fiat.

 

[m-power]

Seems like more and more western companies are being sold to giants in the east - (Indea, China ...)
Why can't the western governments help avoid these takeovers ?? because in the end there won't be any indipndent western companies - look at the british carmakers... Now there is not one big car company that is still "British".

Hope BMW and Mercedes won't get to that point

 

[NarutoRamen]

Seems like more and more western companies are being sold to giants in the east - (Indea, China ...)
Why can't the western governments help avoid these takeovers ?? because in the end there won't be any indipndent western companies - look at the british carmakers... Now there is not one big car company that is still "British".

Hope BMW and Mercedes won't get to that point

It's a Global Economy now. Welcome to the "New World Order", where the world no longer revolves around just one side of the globe. As for "takeovers", I think you mean "Saving", because these companies are in need of it.

 

[far2000]

Seems like more and more western companies are being sold to giants in the east - (Indea, China ...)
Why can't the western governments help avoid these takeovers ?? because in the end there won't be any indipndent western companies - look at the british carmakers... Now there is not one big car company that is still "British".

Hope BMW and Mercedes won't get to that point

Very shallow way of thinking...

 

[Sunny]

50.7% why not 49.7%

Cause no will be willing to spend all that money and not get a controlling share.