Originally Posted by
Expressflight
Shareholder approval was "overwhelming" in favour of the DBAY proposal and will result in the injection of £55m of new financing to provide the required financial stability. The FCA has acted quickly in granting the application for a Change of Control of the company that was a condition of the deal being implemented.
Over to you asdf1234.
i understand from the BBC that the new deal sees DBay increase it’s shareholding to 51% and will lend £55 million to Eddie Stobart Logistics at a rate of 18% so the Stobart Groups shareholding will be diluted. I don’t believe there is an immediate threat but the Group is not out of the woods yet