Archive : Rover Bid Cleared

5 May 1988 Keith Adams 0

Reuters

British Aerospace P.L.C. received clearance from the British Government to proceed with its $150 million, or $279 million, acquisition of the Government’s 99.8 percent stake in the car maker Rover Group P.L.C., the latest in a long line of privatization deals under the Conservative Government of Prime Minister Margaret Thatcher. The deal still requires approvals from the European commission and British Aerospace shareholders.

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Keith Adams

Editor and creator AROnline at AROnline

Created www.austin-rover.co.uk in 2001 and built it up to become the world's foremost reference source for all things BMC, Leyland and Rover Group, before renaming it AROnline in 2007.

Is the Editor of the Parkers website and price guide, formerly editor of Classic Car Weekly, and launch editor/creator of Modern Classics magazine. Has contributed to various motoring titles including Octane, Practical Classics, Evo, Honest John, CAR magazine, Autocar, Pistonheads, Diesel Car, Practical Performance Car, Performance French Car, Car Mechanics, Jaguar World Monthly, MG Enthusiast, Modern MINI, Practical Classics, Fifth Gear Website, Radio 4, and the the Motoring Independent...

Likes 'conditionally challenged' motors and taking them on unfeasible adventures all across Europe.