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 […]
The UK Competition and Markets Authority (CMA) is reviewing DX Group’s May acquisition of the trade and assets of Legal Post (Scotland) and First Post from First Scottish Group for £3.25m.
Clipper Logistics Group saw turnover in all of its divisions soar in the year before its IPO as a result of e-commerce business win, as well as organic growth from existing contracts.
A 90% plummet in DX Group’s share price has prompted its largest shareholder to call for the removal of two board members for their “inexcusable” performance.