The European Investment Bank (EIB) is to provide PSA Peugeot Citroën with an EUR300m loan to be used for the development of low carbon technologies.

The financing will be used by the PSA Group for the programmes to comply with Euro 6.2 emission standards applicable from 2017.

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“I am very happy to be signing this financing agreement with PSA Peugeot Citroën today,” said Philippe de Fontaine Vive, Vice-President of the EIB. “This EIB loan perfectly illustrates Europe’s commitment to innovation, sustainable development, and its citizens, who will benefit most from this major project. It also gives French industry a competitive edge. By securing this financing, we are supporting renewed growth in France.”

“Our Group is leading the way in low carbon technologies,” said Jean-Baptiste de Chatillon, PSA Peugeot Citroën’s Executive Vice President, Finance and a member of the Management Board, “and this loan will allow us to maintain our advance.”

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