Swedish govt-Volvo Cars applied for 5 bln SEK loan

Newswire

STOCKHOLM, Jan 29 (Reuters) - The Swedish government said on Thursday Volvo Cars Coporation, owned by Ford , had applied for loans of about 5 billion Swedish crowns ($618 million) from the European Investment Bank (EIB). The government said in a statement Sweden's debt office would be responsible for negotiating an agreement with the EIB which would enable the government to guarantee the loans. The upper limit of government guarantees -- one of the EIB's conditions to grant loans -- is a ...

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