10 £?

English translation: It was a nominal amount

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	BMW sold Rover to a group called the Phoenix Consortium for the royal sum of 1o £.
Selected answer:	It was a nominal amount
Entered by:	NancyLynn

16:05 Sep 16, 2006

English language (monolingual) [PRO]
Bus/Financial - Management / merger

English term or phrase: 10 £?

BMW sold Rover to a group called the Phoenix Consortium for the royal sum of 1o £.

What ? ten pounds what does this mean... is this a joke or as this the price of a stock or a portion of stocks or what... i am lost... :)

alen botica (X) KudoZ activity Questions: 150 (none open) (5 closed without grading) Answers: 105
Local time: 10:02

£10

Explanation:
It was a nominal amount.

--------------------------------------------------
Note added at 9 mins (2006-09-16 16:14:23 GMT)
--------------------------------------------------

http://en.wikipedia.org/wiki/MG_Rover

Selected response from:

Konstantin Kisin
United Kingdom
Local time: 09:02

Grading comment

nominal amount it is
4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

5 +7

£10

Konstantin Kisin

for a nominal £10

airmailrpl

Answers

5 mins confidence:

peer agreement (net): +7

£10

Konstantin Kisin
United Kingdom
Local time: 09:02
Specializes in field
Native speaker of:

English,

Russian
PRO pts in category: 8

Grading comment

nominal amount it is

20 hrs confidence:

10 â£? for a nominal £10

Explanation:
Sale from BMW to Phoenix Consortium

- 2000 Remainder of company sold to the Phoenix Consortium for a nominal £10 and renamed MG Rover Ltd

When BMW sold off its interests, MG Rover was bought for a nominal £10 by a specially-assembled group of businessmen known as the Phoenix Consortium. The consortium was headed by ex-Rover Chief Executive John Towers.

http://en.wikipedia.org/wiki/MG_Rover

airmailrpl
Brazil
Local time: 05:02
Specializes in field
Native speaker of:

English,

Portuguese
PRO pts in category: 4

Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:

ProZ.com term search

Search millions of term translations