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Consequent to the aforesaid Transaction, Signature has become a subsidiary of Pininfarina and a step-down subsidiary of the Company.
The acquisition of Signature is aimed at strengthening the presence of Pininfarina in the consumer channel, while further enhancing the Pininfarina brand.
The Company has issued Guarantee on behalf of Pininfarina to Rolls-Royce Motor Cars (Rolls Royce) towards a Supply Agreement entered into between Rolls Royce and Pininfarina for a sum not exceeding Euro 67.67 million.