Main characteristics of the project:
• Accelerate the end of the use of the French State guarantee
• Improve Banque PSA finance’s cost of funding and competitiveness
• A strengthened commercial tool for the Peugeot and Citroën Brands.
• Potential cash upstream up to €1.5bn by 2018 for the Group
Banque PSA Finance, the auto finance company of the second largest European vehicle manufacturer
and one of the leading auto finance companies in Europe, and Santander Consumer Finance
(“Santander CF”), the consumer finance division of Santander, the largest bank in the Eurozone by
market capitalisation, have entered into exclusive negotiations to form a 50/50 partnership to develop
the activities of Banque PSA Finance in Europe. The negotiation would result in the creation of local
partnerships, each 50/50 owned by Banque PSA Finance and Santander CF, across PSA Peugeot
Citroën’s main European markets. This partnership would create a competitive, sustainable and
dynamic captive financing activity dedicated to PSA Peugeot Citroën’s brands. This partnership would
not need the French State guarantee for the funding of its activities.