Archive : Rover Group Deal

16 July 1988 Keith Adams 0

British Aerospace P.L.C. will go ahead with its takeover of Rover Group P.L.C. despite conditions the European Community’s Executive Commission has imposed on the deal, the Government said. The commission on Wednesday approved the takeover on the condition that the British Government cut by $428 million the amount of cash the Government is to inject simultaneously into the state-owned auto maker.

About
Latest Posts

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.