Italy's Pininfarina denies binding agreement with Mahindra
(AGI) Turin, March 26 - Italy's car design firm Pininfarinadenied having entered into a binding agreement with India'sMahindra&Mahindra. "To date, despite the interest shown byMahindra&Mahindra, one of the most important clients ofPininfarina Spa, there is no binding agreement whatsoeverbetween the parties configuring the purchase of Pininfarina bythe Indian company", announced Pincar Srl. This announcementcame at the request of CONSOB, the Italian Securities andExchange Commission, to counter rumours circulated on Wednesdayon the imminent sale of Pinfarina Spa to Mahindra& Mahindra. Ina note, the Turin-based group recalled: "Ever since the firstdebt