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manganese bronze hldgs plc (MBZHF) Details

Manganese Bronze Holdings PLC, a specialty automotive and taxi services company, engages in the design, development, assembly, and retailing of new purpose-built taxis, as well as in the sale of used vehicles taken in part exchange, parts, and vehicle maintenance. The company also provides taxi finance. It serves customers in the United Kingdom and internationally. Manganese Bronze Holdings PLC is based in Coventry, the United Kingdom. As of January 31, 2013, Manganese Bronze Holdings plc operates as a subsidiary of Geely UK Ltd.

288 Employees
Last Reported Date: 03/29/12

manganese bronze hldgs plc (MBZHF) Top Compensated Officers

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Company Secretary
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Compensation as of Fiscal Year 2013.

manganese bronze hldgs plc (MBZHF) Key Developments

Reported Update On Manganese Bronze Sale

Zhejiang Geely Holding (Group) Co., Ltd. is reportedly going to bid to acquire 80.03% stake in Manganese Bronze Holdings plc for approximately £2.7 million, a person familiar with the talks said. The person added that the offer could go well below £2.7 million as the last valuation of Manganese Bronze by its administrator PricewaterhouseCoopers has given the heavy debt it carried. Chinese media has reported that Zhejiang Geely stood the highest chance of success at acquiring Manganese Bronze, given their long-term partnership.

Zhejiang Geely Reportedly Bids To Buy 80.03% Stake In Manganese Bronze

Zhejiang Geely Holding (Group) Co., Ltd. has submitted a bid to acquire 80.03% stake in Manganese Bronze Holdings plc, people familiar with the situation said. Geely Automobile Holdings Ltd. that owns 19.97% in Zhejiang Geely, is not involved in the bid, one of the people said. A Zhejiang Geely spokesman refused Bloomberg to comment on whether the company is making the bid. A spokeswoman for Manganese Bronze’s administrator, PricewaterhouseCoopers LLC, couldn’t immediately comment on the bid.

Manganese Bronze Cuts 156 Jobs

Manganese Bronze announced that the administrator at company has cut 156 jobs, including nine from dealerships in Edinburgh and Glasgow. The majority of the redundancies came at the firm s main manufacturing site in Coventry.


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