Stobart Group sells 51% stake in Eddie Stobart to former TDG owners


 

Stobart Group has sold a 51% stake in its transport division to Douglasbay Capital (Dbay) – the former owners of TDG – for £280.8m. The move sees William Stobart become chief executive of the newly formed, and once again privately owned, Eddie Stobart Logistics. Under the terms of the deal, the LSE-listed Stobart Group will retain a 49% stake as well as the Eddie Stobart brand itself via a licence agreement. 8% of the total vehicle fleet will remain aligned […]