A new report states India's Mahindra & Mahindra is just about ready to acquire troubled design studio Pininfarina.

A new report states India's Mahindra & Mahindra is just about ready to acquire troubled design studio Pininfarina.

Sources close to the matter are saying the two parties have resumed negotiations after talks stalled a few months ago. It now seems the companies are putting the finishing touches on the contract as the deal is expected to be finalized in the coming days. There are still some issues to sort out, with the most important ones being the final purchase price and how to manage Pininfarina's debt.

Hopefully this time the deal will come through as the previous attempt was blocked by the creditors because the deal specified erasing 50% of Pininfarina's €87 million debt and obviously the banks were not too happy about this.

Note: 2008 Pininfarina Sintesi concept pictured.

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