The UK Government announced that British Aerospace (BAe) was negotiating to buy the Rover Group


Tuesday 1st March 1988

The UK Government announced that British Aerospace (BAe) was negotiating to buy the Rover Group. The price was subsequently agreed at £150 million. But, approval for the deal had to be sought from the European Commission and although this was obtained, BAe was later required by the European Court to repay £48 million of illegal ‘sweeteners’.


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