BusinessBusiness RecoveryPwC lines up MG Rover bidder shortlist

PwC lines up MG Rover bidder shortlist

MG Rover could have lifeline, with a shortlist of bidders interested in the collapsed business

The possibility of car production resuming at MG Rover’s Longbridge plant has been narrowly extended, according to the car manufacturers’ administrator, PricewaterhouseCoopers.

Link: Rover workers get £20m payments

PwC said it was considering proposals from five potential buyers, two for the MG sportscar business, MGTF, and three for the rest of the business – although it refused to reveal who the bidders were.

‘We have examined the funds and identified a series of bidders, and we will go from there’, a spokeswoman said.

The company collapsed in April with the loss of more than 5,500 jobs.

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