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Announcement on LDV due end of July

Administrators for van maker LDV have said at least six organisations are still considering whether to invest in the company.

PricewaterhouseCoopers said an announcement is likely at the end of July over the firm's future and what suppliers would receive.

At a meeting at Birmingham Chamber of Industry and Commerce yesterday, administrators gave creditors an update on LDV's financial position.

LDV owes £20 million to 230 suppliers, according to a report by the BBC.

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