The unions' concerns about the financial structure of Phoenix and MG Rover and associated operations followed a series of reports in the Daily Telegraph detailing the establishment of a £12.9 million trust fund for Phoenix directors' pensions, and the issue of a £10 million loan note.
T&G and Amicus ask former Rover FD to vet MG Rover accounts
04/12/2003 in Latest News
At the invitation of Phoenix Venture Holdings, unions TGWU and Amicus have jointly apponted Peter Regnier, a former finance director of Rover Group in the pre-BMW ownership 1980s, to inspect Phoenix Venture Holdings and MG Rover accounts on their behalf.
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