European Investment Bank to Provide PSA Peugeot Citroën with €300 Million of
Financing for the Development of Low Carbon Technologies
PARIS -- October 8, 2013
Regulatory News :
Philippe de Fontaine Vive, Vice President of the European Investment Bank, and
Jean-Baptiste de Chatillon, PSA Peugeot Citroën’s (Paris:UG) Executive Vice
President, Finance and a member of the Management Board, have today signed an
agreement for the provision of €300 million in financing for the development
of low carbon technologies.
This financing will be used by the Group for the programme to comply with Euro
6.2 emission standards applicable as from 2017.
The €792 million programme, to be implemented in France between 2013 and 2017,
reflects the Group’s on-going R&D commitment and the European Investment
Bank’s lending priorities to promote sustainable development and innovation.
“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
PSA Peugeot Citroën
Anne-Cécile Auguin, +352 621 36 19 48
Press Department: +352 4379 21000
PSA Peugeot Citroën:
Press Department +33 1 40 66 42 00
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