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Beleaguered Electric Van Company Arrival Appoints EY As Administrator, Explores Sales Options
Tuesday, February 6, 2024 - 11:12pm | 487EV maker Arrival SA (OTC:ARVLF) has appointed EY as administrator for its two UK subsidiaries and is mulling over selling its business and assets, after failing to acquire necessary rescue funds. What Happened: The company said that Simon Edel, Alan Hudson, and Sam Woodward, from EY-Parthenon's...