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 […]
Vehicle transporter Autologic’s shares have today been delisted from the Alternative Investment Market following its takeover by Stobart Group. Stobart Group made its formal £12.4m offer for Autologic in June, having been in talks since May. The ability of Autologic to use Stobart Rail infrastructure to reduce the level of empty running endemic to the car transporter sector, as well as the benefits of access to Stobart’s storage sites, were both cited as reasons why the deal made sense. Stobart […]
Eddie Stobart has reported strong contract retention and growth ahead of its year-end trading update, expected in January 2018.
Eddie Stobart Logistics has confirmed it will list on the Alternative Investment Market (AIM) next week on 25 April at 8am, a move that will see former owner Stobart Group slash its holding in the haulier and pocket £113.1m.