Rover and the electoral implications for Labour

Just noticed this update. The interesting part of the very thin press release is this:

“Sources said the government is prepared to offer up to 150 mln stg.” Link

Not sure how that is going to work because I'm sure that the UK is bound by European trade laws which means it cannot re-nationalise the company...but then this may be just be some spin to avoid an electoral fallout in some marginal seats.