Eddie Stobart Logistics returns to the stock market next month with a listing on the Alternative Investment Market (AIM) that will value the operator at more than half a billion pounds. In a statement today, the haulier’s holding company, Greenwhitestar Capital, said it would be seeking admission to AIM in a bid to raise funds for acquisitions in the “highly fragmented market”. “The company is targeting a market capitalisation of admission in excess of £550m, with approximately £130m of proceeds […]
Stobart Group says its transport and distribution division Eddie Stobart has experienced “mixed fortunes” since March. In the past four months Eddie Stobart says its ambient transport and warehousing operations have been performing well and is “witnessing more new business opportunities than in previous years”. However, it warns that the restructure of its chilled operations, whilst progressing, has resulted in some further costs. In the past six months its chilled operations, with the closure of its Corby and Alcester distribution […]
There is “no new date” for the relaunch of the postponed IPO of Volkswagen commercial vehicle division Traton Group, which contains the Scania and MAN brands.
Tarmac to adopt regional distribution model, bringing Eddie Stobart, Abbey Logistics and Pollocks on board
Tarmac is implementing a regional distribution model for its cement and lime division, which will see Eddie Stobart, Abbey Logistics and Pollock (Scotrans) join its lineup of haulage providers, MT can reveal.