EIB – TURKEY
June 1st, 2005
BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) is planning to lend Turkey's Tofas Turk Otomobil Fabrikasi Euro 200 million to help fund a joint venture with France's Peugeot-Citroën and Italy's Fiat Auto, to develop, produce and sell light vans. The loan would fund half of the project's projected Euro 400 million cost. It would exploit Tofa's existing capacity, at its plant in Bursa, south of Istanbul.
THE EUROPEAN Investment Bank (EIB) is planning to lend Turkey's Tofas Turk Otomobil Fabrikasi Euro 200 million to help fund a joint venture with France's Peugeot-Citroën and Italy's Fiat Auto, to develop, produce and sell light vans. The loan would fund half of the project's projected Euro 400 million cost. It would exploit Tofa's existing capacity, at its plant in Bursa, south of Istanbul.
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