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PwC presents MG Rover bill

MG Rover’s creditors, including its franchised dealer network, are to be hit with a large bill from its administrator, PricewaterhouseCoopers.

PwC has raised around £53m for creditors from the sale of the collapsed carmaker’s assets and engine company Powertrain, but its fees of £6.6m, agreed by the creditors’ committee, will come from this. PwC is still drip-feeding about 3,000 unregistered MG Rover cars to dealers to keep residuals stable.

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