Poland was the last country where the joint-venture with Santander Consumer Finance is now fully operational. It provides wholesale financing for Peugeot, Citroen and DS dealers and retail financing to the dealers’ customers. In addition to Europe, the joint-venture is also operational in Brazil. As a result, PSA’s balance sheet should not include any financing receivables in the future. As the joint-venture is not fully-consolidated but at-equity, the group’s net debt had f
07 Oct 2016
Financing joint-venture now fully operational throughout Europe
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Financing joint-venture now fully operational throughout Europe
- Published:
07 Oct 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Poland was the last country where the joint-venture with Santander Consumer Finance is now fully operational. It provides wholesale financing for Peugeot, Citroen and DS dealers and retail financing to the dealers’ customers. In addition to Europe, the joint-venture is also operational in Brazil. As a result, PSA’s balance sheet should not include any financing receivables in the future. As the joint-venture is not fully-consolidated but at-equity, the group’s net debt had f