U.K.-based Lotus Cars signs a 6-year, £270 million ($440 million) loan agreement with a syndicate of six Malaysian banks. The loss-making Lotus is a wholly owned subsidiary of Malaysian national car maker Proton. Proton says in a statement the loan syndication forms part of the funding required to execute Lotus’s 5-year business plan. “With the closing of the syndication exercise, the external portion of the funding is now in place and, together with other financial resources, this ...
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