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loan repayment

September 13, 2010

Family-controlled automobile group PSA Peugeot Citroën has announced it is to repay €1 billion of the €3 billion loan it received from the French government last year.

Family-controlled automobile group PSA Peugeot Citroën has announced it is to repay €1 billion of the €3 billion loan it received from the French government last year.

The early repayment will be made out of existing liquidity resources and allow the Paris-based group to reduce gross debt and to save on interest payments, according to a statement.

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