Stobarts Sells Inland Ports assets
Stobart Group announced this morning that they have sold part of their Inland Ports assets to Legal & General Assurance Pension Fund for £61m, giving a 20% return on their investment in those assets.
Importantly, they say that this will reduce their net debt to £45m thus making financing easier (i.e. cheaper) for the their planned SEN expansion.
It must also increase the likelihood of them going ahead with the CAX improvements I would have thought, although I haven't seen any specific reference to that so far.