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Creditors will receive between 5p an 10p for every pound they lost following the
collapse of MG Rover, according to administrators PricewaterhouseCoopers (PwC).
Administrator Tony Lomas said creditors of MG’s sister company, engine
manufacturer Powertrain, were likely to be slightly better off with a payout
‘hopefully in the high teens’.
Despite the poor repayment, PwC said it was above initial expectations for both
MG Rover and Powertrain.
Source:
RedAlert
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