MG Rover to return to negotiations with Daewoo-FSO

Britain's MG Rover, which is negotiating investment terms with ailing Daewoo-FSO, has announced plans to return to the talks. "We will come to Poland next week for talks with government representatives, and Daewoo-FSO's creditor banks. I think these talks may be key to our engagement in the plant," said Nick Stephenson, deputy head of MG Rover. Stephenson also revealed that the company is currently seeking a partner to help execute the acquisition. "However we have not yet formally agreed on any cooperation," he added. It is clear that the company in question is not Am-Ar, an American-Arabic fund, which declared an interest in the investment earlier this year. Meanwhile, the General Shareholders' Meeting of Daewoo-FSO was again postponed, this time until May 21, when the board is to vote on the possible dismissal of half of the workforce of 3,300. (Puls Biznesu, p. 8) A.K.