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200 parties interested in MG Rover

MG Rover’s administrators has received more than 200 parties who are interested in buying MG Rover, 16 of which were from overseas.

Following the announcement of redundancies last Friday, PricewaterhouseCoopers has concentrated its efforts on helping the affected employees and developing the expressions of interest it has received from potential buyers.

Tony Lomas, joint administrator and partner at PricewaterhouseCoopers says: “Efforts have continued to deal with enquiries from prospective buyers following the news last week that SAIC have no interest in acquiring the business as a going concern. We have received enquiries from more than 200 parties, variously interested in all or part of the business and assets, 16 of which are from overseas. We are busy prioritising these and developing the interest of those we consider most credible.

“We are also looking at ways to further reduce the costs of mothballing the plant so that we have more time in which to realise the business and assets for the benefit of creditors."

Arrangements for a walk-in redundancy workshop were made over the weekend and the first of the affected employees visited on Tuesday.

External organisations are participating in the workshops including prospective employers, Job Centre Plus, the DTI, Birmingham City Council and many others. The workshop will remain open until Saturday, with in excess of 1,000 people visiting daily.

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