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 […]
Throughout the year The Hub – Motortransport.co.uk’s business blog – has brought you the real stories behind the headlines. So, without further ceremony, here are some of the many highlights of the year.
Stobart Group’s Biomass division has won a new, long-term contract to supply fuel to the Evermore Renewable Energy Plant, which will generate revenues of £75m over the 15-year lifespan of the contract.
Eddie Stobart Logistics – set to float on the Alternative Investment Market (AIM) next week 25 April – has conditionally agreed to acquire multi-channel retail logistics management group iForce for £45m.