Banque PSA Finance Gets Temporary EC Nod For State Guarantees

PSA Peugeot Citroen's finance arm Banque PSA Finance has been granted temporary approval by the European Commission to receive a guarantee from the government of France with regard to the issuance of new bonds, to the tune of €1.2bn (US$1.6bn). The government of France will, however, have to submit a restructuring Subscribe to Automotive World … Continued

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• February 11, 2013