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Pininfarina closes agreement with Lagardere on purchase of Matra Automobile’s automobile engineering business

Pininfarina S.p.A. has issued the following press release:

Negotiations announced last June between Lagardère SCA and Pininfarina S.p.A., regarding the purchase of Matra Automobile’s engineering, testing and prototyping businesses, have been favourably settled — GAZ's acquisition of LDV Group.

This acquisition, still subject to usual regulatory clearance, will strengthen Pininfarina’s world-wide leadership in automotive design, engineering and niche manufacturing. — TVR's corporate developments.