Monday, 23 February 2009

LDV surprising news

The news that :
"Struggling van-maker LDV has asked the government for millions of pounds in loans to help secure its future.

It wants access to bridging loans to tide it over while it presses ahead with plans for a management buy-out. "
is widely reported on the BBC this morning. However, so far as I am aware, it is only the website that informs us that
"The management buy-out of the firm, currently owned by Russian company Gaz, aims to make it into the first big producer of electric vans in the UK.

Gaz is controlled by oligarch Oleg Deripaska, a friend of Business Secretary Lord Mandelson. "

I am pretty sure that the Peter Mandelson link was not mentioned on the BBC radio reports this morning. Am I right?

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