Weststar eyes vanmaker LDV

Malaysian group Weststar emerged as a potential buyer for the assets of failed vanmaker LDV yesterday, one of three contenders for the acquisition. The news comes after most of LDV’s 850 staff were made redundant earlier this week. Weststar was forced to walk away from a takeover deal last month when it failed to secure funding for the purchase, despite being offered a £5m bridge loan by the UK government. Without a buyer, LDV, which is owned by Oleg Deripaska’s Russian company Gaz, was forced to file for administration earlier this week.