Pininfarina shares jump on possible Chinese deal

Pininfarina SpA

17/10/2019 14:20

Oct 17 (Reuters) - Pininfarina SpA  PNNI.MI  shares were up
more than 8% on Thursday, with traders citing a possible
agreement between the company and China Evergrande Group
 3333.HK  for the design of a series of electric vehicles.
    The stock has lost more than 19% since the beginning of the
year and the news of this agreement pushed investors to bet on
the stock again, a broker said.
    Pininfarina was not immediately available for comment.
    On Sept. 19 Evergrande Group's Chairman Hui Kayan and his
team visited Pininfarina's Turin headquarters and met with
Pininfarina's Chairman Paolo Pininfarina and Chief Executive
Silvio Angori, according to a press release.
    
    

 (Reporting by Giancarlo Navach in Milan; Editing by Lisa
Shumaker)
 ((giancarlo.navach@thomsonreuters.com; +39 0266129518))