PSA Peugeot-Citroën to pay EUR427.6 million to Iran in compensation for losses

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Peugeot to waive EUR80 million of outstanding debts

PSA Peugeot-Citroën has agreed to pay Iran EUR427.6 million (USD476.91 million) in compensation for losses after it quit the country due to economic sanctions, according to a report by the Zawya News Agency.

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