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Phoenix Four set for further windfall
The owners of MG Rover are to split a £6.1m windfall from a closely linked vehicle finance company.
John Towers, Peter Beale, Nick Stephenson and John Edwards, who bought Rover for £10 five years ago, will take the money when the last monthly payments are made on car loans from their joint venture with HBOS, this year or early next.
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Published: Tue, 19 Apr 2005 07:43:47 GMT+01
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