MG Rover names AmAr as possible investor for NSC

Nick Stephenson, deputy head of Britain's MG Rover Group, announced yesterday that American-Arabian Investment & Development Holding Inc. (AmAr) is a potential financial investor for the New Small Company (NSC) to replace the current Daewoo-FSO Zeran plant. AmAr is supposedly ready to invest $250 million. Sven O. Fisher, deputy director of AmAr's office in Hamburg, is to arrive in Poland next Wednesday. His visit is in connection with a new concept for NSC's creation. According to Janusz Wozniak, deputy head of Daewoo-FSO, the capital of NSC, which was legally established on Tuesday, will be increased simultaneously by MG Rover and Daewoo-FSO, both of which will contribute from their own assets. After finalizing negotiations with AmAr, NSC's shareholder structure will be joined by Daewoo-FSO's existing creditor banks. AmAr is headquartered in New York and also owns an office in Cairo. February 14 is the deadline by which MG Rover is to decide on its investment in Daewoo-FSO. "We are certain that if we can come to an agreement, it will occur before this date," said Stephenson. (Rzeczpospolita, p. B2; www.onet.pl) A.K.