Rover to join forces with CWC Capital in FSO-Daewoo?

The U.S.-based investment fund may be considered as a natural partner for the enterprise, as one of its members, Cornerstone Partners, has already taken part in preparing a business-plan for the investment. "CWC Capital Management are considering participation in the project as a co-investor in Żerań," said one of the negotiators. It remains unknown however, which particular member of the group could possibly invest in Daewoo-FSO and how much. It is expected that the general contribution of foreign investors (including the value of the assembly lines brought from the UK) will be between EUR 700,00 EUR 1 billion. The British car manufacturer plans to start the production of its most successful model, Rover 75, in Warsaw in May 2005. (Puls Biznesu, pp. 1, 4) M.K.