Rodacar AD
Rover Overseas Holdings Limited (ROH) received MIGA guarantees totaling $4. 9 million in three separate contracts for its loan, technical assistance, and equity investments in Rodacar AD, the first aut
Host Country
Bulgaria
Guarantee Amount
$4.97 million
Sector
Manufacturing
Project Status
Not Active

Rover Overseas Holdings Limited (ROH) received MIGA guarantees totaling $4.9 million in three separate contracts for its loan, technical assistance, and equity investments in Rodacar AD, the first automobile assembly facility in Bulgaria. MIGA guarantees cover the risks of currency transfer, expropriation, and war and civil disturbance.

Rodacar is owned jointly by ROH of the Rover Group Limited, a subsidiary of Germany's Bavarian Motorworks AG, and the Daru Group of Bulgaria, which includes Daru Car, Ltd., the official importer and local distributor of BMW and Rover vehicles in the country. The project enterprise, to be located in the port of Varna on the northeast coast of Bulgaria, will assemble cars using knock-down kits imported from Rover's facilities in the United Kingdom.

Project ID
2463
Guarantee Holder
Rover Exports Limited
Rover Overseas Holdings Limited
Investor Country
United Kingdom
Project Type
Non-SIP
Fiscal Year
1996

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