Stobart shareholders back plan to partially divest transport business


 

Stobart Group’s plans to partially divest its transport business, creating a new private company Eddie Stobart Logistics, has received the backing of shareholders at a general meeting today. The plan was backed by more than 96% of shareholders earlier today, and is expected to complete within ten working days. A special resolution to buy back up to 35.4 million ordinary shares as part of the transaction was also waved through with full shareholder support, attracting backing of 99.86%. The deal […]