Sale of Controlling interest in Eddie Stobart Logistics
Stobart Group have announced that they are selling a controlling interest in their road haulage business for £280 million in order to, among other things, provide additional capital and reduce debt to near zero.
They will now concentrate on building the Air, Biomass and Rail divisions. The entry into new unserved European markets by Aer Arann is specifically mentioned, as is attracting new carriers to SEN.