Daewoo sell stake in LDV but acquire rights to LD-100

The Lublin-based division of Daewoo Motor Polska has decided to sell its 50% stake in British van producer, LDV. In return the Lublin production plant has acquired the rights to construct the British LD-100 model, a light transportation van. "I confirm that the transaction was done. As a result, our plant has received copyrights for the LD-100 car model, which were till now owned by the British and by the headquarters of Daewoo in Korea. The British have acquired rights to a smaller car, BD-100," said Beata Brice, spokesperson for Daewoo Motor Polska. It was not disclosed however, if the Lublin-based plant has received back the L25 million it initially invested in 1997 when buying the shares. (Gazeta Wyborcza, p.24; Prawo i Gospodarka, p.1; Rzeczpospolita, p.B4) A.K.