LDV assets sold after nine weeks

LDV assets sold after nine weeks

Company Eco Concept Limited buys up van makers assets

The assets of van and truck manufacturer LDV have been sold on after the
company was placed into administration in June.

Administrators Rob Hunt, Mark Hopkins and Matthew Hammond of
PricewaterhouseCoopers said the assets had been sold to company Eco Concept
Limited.

Contracts have now been exchanged and formal completion of the contracts is
expected to occur in the next four weeks.

The sale followed a nine week intensive period of due diligence. The company
went into administration on Monday, 8 June 2009.

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