Friday, March 25, 2011

Pininfarina VEPB out of the joint venture. The Bluecar to Bolloré

Vincent Bollore and his Bolloré Group has acquired the remaining shares by Pininfarina, the company Pininfarina Bolloré Véhicules Electriques (VEBP), a joint venture created in March 2009 to facilitate the production of utilitarianism Bluecar electricity. This financial maneuver moves a total of EUR 10 million and move 50% of the shares, now wholly owned by entrepreneur French finalize the purchase within the next thirty days.

Pininfarina is the possibility to act as a preferred supplier, using the agreements signed last September that also provide for the granting of royalties and use of plant Bairo Canavese, partly leased to the company Cecomp charge of the production.

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