VW says negotiating 12.5 bln euro credit line


HAMBURG, Germany, May 30 (Reuters) - Volkswagen is in the process of negotiating a 12.5 billion-euro ($15.7-billion) syndicated credit line with several banks, Europe's biggest carmaker said on Monday. The facility would back up the group's short-term commercial paper programme and be renewed on a revolving basis, a company spokesman said, confirming a report by Spanish news agency Europa Press. "We want to wrap up this refinancing by mid-June," the spokesman said.

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