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 […]
Eddie Stobart’s automotive logistics business – formerly Autologic – has been sold to BCA Marketplace, an automotive support services company best known for consumer brand Webuyanycar.com. BCA Marketplace was bought earlier this year by an investment vehicle formed by Avril Palmer-Baunack- the former chairwoman of Stobart and chief executive of Autologic.
Never mind if you can’t read, download or browse Motor Transport on your commute to and from work – you can now listen to it! Subscribe on iTunes to our new, regular podcast to hear our journalists discuss and debate the hot news of the past week. In our launch edition we talk about the level of Driver CPC compliance, Boris Johnson and the new London safer lorry scheme. We also discuss Eddie Stobart Logistics and the return to the […]