UPDATE 1-Car designer Pininfarina family sells stake in co

Newswire

(Adds confirmation of deal signed) MILAN, Dec 31 (Reuters) - The Pininfarina family on Wednesday agreed to sell its stake in the company, the designer of iconic cars for films and Ferrari, in a deal that helps the group handle its nearly 600 million euros ($839.5 million) debt. The brand, another casualty of world recession as car orders slow, confirmed in a Wednesday statement that a draft accord had been signed with banks. The company had earlier said the family's holding Pincar had ...

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