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 […]
Bulk logistics and solid fuels supplier Hargreaves Services has confirmed the issue of a second tranche of a new shares worth £21.15m, following shareholder approval at a meeting on 7 May.
Canute Haulage Group creditors stand to lose millions of pounds following the sale of the business earlier this month via a pre-pack administration.
Wincanton has told Eddie Stobart Logistics’ stakeholders to “take no immediate action” following news that ESL has agreed a conditional sale to private equity firm DBAY Advisors.