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The French State will not permit the bankruptcy of Peugeot-Citroen
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The French State will not permit the bankruptcy of Peugeot-Citroen
The French state will not allow bankruptcy Peugeot-Citroen
If the company itself will not reduce the financial loss, the Elysee Palace is discussing the possibility to acquire the shares of the automaker
The automaker reported a decrease in the value of their assets 4.7 billion euros in 2012, which should lead to huge financial losses for the year.
In January, the group was granted a syndicated loan in the amount of 4.1 billion euros to support the banking division. The company may also receive the guarantee of 7 billion euros from the French government, however, the Commission has not yet approved them.
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