WARSAW -- Britain's MG Rover has placed the only bid for Poland's troubled Daewoo-FSO car plant, a spokeswoman for the treasury ministry said on Friday.
Poland had invited four investors including Germany's Volkswagen to bid for the plant, which was left out in the cold after U.S. giant General Motors took over the operations of the bankrupt South Korean Daewoo Motors in 2002. "We have received one offer, from Rover," spokeswoman Agnieszka Dluska said, declining to give more details.
Poland had also solicited bids from two minor players -- Ukraine's AvtoZAZ, which assembles Daewoo cars, and U.S. auto trader Nucarco, which plans to export Yugoslavian Zastava cars to the United States.
MG Rover had earlier expressed interest in Daewoo-FSO, which would boost the independent carmaker's capacity by up to 200,000 units, but proved unable to strike a deal with the Warsaw plant's creditors.
The Polish government owns around 15 percent of the plant and is looking for a buyer for the 80 percent that remains in the assets of Daewoo Motors.