DX Group has revealed its intention to sell shares via an initial public offering (IPO). The operator is scheduled to start trading on AIM from 27 February but the size of the share offer is yet to be determined. DX Group describes its growth strategy as including a combination of organic growth, efficiency improvements and the turnaround of DX Freight, formerly Nightfreight, which it acquired in 2012. DX Group CEO Petar Cvetkovic said: “We are delighted to announce our plans […]
DX Group has bought some of City Link’s assets for £1.1m as the administrator.
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DX Group saw turnover slip during the first half of its financial year as it continued with its strategy of ending commercially unattractive contracts that were inherited with its acquisition of the former Nightfreight business.